A Reuters poll revealed that the Chinese economy may have grown at the slowest pace in a year and a half during the fourth quarter, due to its impact on weak demand due to the decline in the real estate market, debt restrictions, and strict Covid-19 measures, which increased the tension on policy makers to take action. More facilitation steps.
According to Arab Net, the poll showed that data published on Monday is expected to show GDP growth of 3.6% in the period from October to December compared to the previous year - the weakest pace since the second quarter of 2020 and a slowdown of 4.9% , in the third quarter.
Quarterly growth is expected to rise to 1.1% in the fourth quarter from 0.2% in the July-September period.
For 2021, GDP will likely have increased 8.0%, the highest annual growth rate in ten years, due in part to a low base set in 2020, when the economy was shaken by COVID-19 and strict lockdowns.
The government is due to publish GDP data along with December activity data on Monday.
The world's second largest economy faces multiple hurdles in 2022, including the continued decline of the real estate market and the new challenge from the recent local spread of the highly contagious mutated strain of the Corona virus, Omicron.
A slowdown in exports, which was one of the few areas of strength in 2021, is also expected as the government continues its efforts to stem environmentally harmful emissions from industries.
