Research Briefing | Mar 1, 2022

World Economic Prospects: China triggers a further downgrade to the outlook

May/June 2022
  • Ongoing lockdowns and restrictions in China have prompted us to lower our Chinese GDP growth forecast for this year and become more pessimistic about the easing of global supply chain bottlenecks.
  • Therefore, we have lowered our global GDP growth forecasts by 0.4ppts to 3% in 2022 and by 0.1ppt to 3.1% in 2023.
  • A range of timely activity indicators confirms that China’s zero-tolerance approach to Covid is taking a heavy toll on the economy.
Back to Resource Hub

Related services

globe

Service

Global Macro Service

Monitor macro events and their potential impact.

Find Out More
various country flags

Service

Global Economic Model

Our Global Economic Model provides a rigorous and consistent structure for forecasting and testing scenarios.

Find Out More
Emerging Markets

Service

Emerging Markets Asset Manager Service

Emerging markets insight and opportunity at your fingertips.

Find Out More

Service

Economic and Political Risk Evaluator

A framework for assessing economic and geopolitical risks.

Find Out More