For subscribers
Don’t be too hopeful about China’s bounce-back
Pent-up demand, and the urge to splurge Covid-19 savings, may splutter out. More modest growth of under 5 per cent may be on the cards.
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Many economists expect that the economy will grow at a pace between 5 per cent and 5.5 per cent.
PHOTO: BLOOMBERG
Arup Raha
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With the surprise lifting of its Covid-19 restrictions
A consensus among economists is that due to pent-up demand, much of the uptick for the economy will come from an increase in private consumption.
