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Social and Behavioral Sciences

Bulletin of Chinese Academy of Sciences (Chinese Version)

Journal

2023

Economic forecast, economic situation analysis, gross domestic product (GDP), policy suggestions

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Forecast Of China’S Economic Growth Rate In 2023 And Policy Suggestions, Xikang Chen, Cuihong Yang, Kunfu Zhu, Huijuan Wang, Xinru Li, Jie Yin Jan 2023

Forecast Of China’S Economic Growth Rate In 2023 And Policy Suggestions, Xikang Chen, Cuihong Yang, Kunfu Zhu, Huijuan Wang, Xinru Li, Jie Yin

Bulletin of Chinese Academy of Sciences (Chinese Version)

China's economic growth slowed down in 2022 due to the COVID-19 pandemic and the corresponding measures. There are great uncertainties in China's economic development in 2023. It is expected that China's medium and long-term economic growth rate will show a wavy downward trend. Based on input-output technology, econometrics, prosperity analysis, expert analysis, and scenario analysis, this study proposes a systematic integrated factor prediction approach on annual GDP growth. Through analysis of China's economic growth in 2022 and the current situation worldwide, China's economic growth rate is predicted to be about 6.0% in 2023, reverting to the normal level. The policy …