Fitch said on Tuesday it has cut China’s GDP growth forecast for 2022 to 4.3 percent from 4.8 percent, saying pandemic-related disruptions have had an impact on the country’s economy in the first two quarters of the year.
The rating agency said it stills expects a quarter-over-quarter GDP contraction in the second quarter, before the economy starts to recover.
Fitch raised its 2023 growth forecast for the country slightly higher to 5.2 percent from 5.1 percent.
