More favourable China’s economic prospects after abandoning zero-Covid policy – Rabobank China Coronavirus Banks Growth
Still, economists at Rabobank believe that from a medium-term perspective, China’s economic prospects have become more favourable after abandoning zero-Covid policy.“While from a long-term perspective China’s decision to abandon its zero-covid policy is to be heralded, the short-term effects will likely turn out to be grim.
“We expect a relatively mild recession that already started in the last quarter of last year and should end after the first quarter of this year. We further expect that most of the recovery hinges on a recovery in aggregate consumption and more specifically private consumption. All in all this should see the Chinese economy grow by 4.
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