China could see a sharp recovery in economic growth from the second quarter onwards based on current infection trends after the dismantling of most COVID restrictions, IMF Deputy Managing Director Gita Gopinath said wef23
Speaking to Reuters on the sidelines of the World Economic Forum in Davos, Gopinath also reiterated the Fund's calls for nations to avoid a descent into protectionism.
Gopinath said that a growth rate "in the 4%-plus ballpark" would likely mean that any global inflationary pressures would be counter-balanced by the slowdown in demand elsewhere. Asked about recent U.S. inflation readings that suggest a cooling, Gopinath said it was too early to say for sure whether they meant that inflation was heading durably back down to the U.S. Federal Reserve's target of 2%.
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