China could see a sharp recovery in economic growth from the second quarter onwards based on current infection trends after the dismantling of most COVID-19 restrictions, IMF Deputy Managing Director Gita Gopinath said on Wednesday.
International Monetary Fund Deputy Managing Director Gita Gopinath. — WORLD ECONOMIC FORUM/SIKARIN FON THANACHAIARY
She hailed China’s reopening as a positive sign, alongside indications it was ready to re-engage with the world.“Looking at the infection trends, and if those persist, we could see a very quick recovery starting from after the first quarter of this year,” she said of a current surge in infections seen as an “exit wave” linked to the economic reopening.
Ms. Gopinath said that a growth rate “in the 4%-plus ballpark” would likely mean that any global inflationary pressures would be counter-balanced by the slowdown in demand elsewhere.
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