The International Monetary Fund sees scope for a further gradual, safe recalibration of China’s zero-COVID policy that could allow economic growth in the country to pick up in 2023.
December 1, 2022 | 1:02 pmWASHINGTON — The International Monetary Fund sees scope for a further gradual, safe recalibration of China’s zero-COVID policy that could allow economic growth in the country to pick up in 2023, an IMF spokesperson said on Wednesday.
“The authorities have since made the containment policies nimbler and more targeted. There is scope for further gradual, safe recalibration of the COVID strategy,” the spokesperson said. The demonstrations, which spread over the weekend to other cities including Shanghai and Beijing, marked a rare show of public defiance since President Xi Jinping came to power in 2012.
The IMF had forecast 3.2% growth in China’s economy in 2022, improving to 4.4% in 2023, but the risks were now on the “downside,” and a downgrade was possible, she said.
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