Fitch cuts growth forecast for China

04.05.2022

Fitch Ratings has cut its growth forecast for China after Beijing's policy of zero-Covid started to weigh on the country's economy.

The ratings agency now expects GDP growth of 4.3% in 2022, down from its previous forecast of 4.8%, although it revised upwards its 2023 estimate, to 5.2% from 5.1%, on...