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12/3/2020, 5:49 AM (Source: TeleTrader)
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China's GDP to rise 9.5% in 2021 - Deutsche Bank

China's economy could expand by 9.5% in 2021, according to a Deutsche Bank forecast.

Meanwhile, the expectations were downgraded for the fourth quarter of 2020 to growth of 6%. The estimates are significantly higher than those made in October when Chinese central bankers said they expect the country's gross domestic product (GDP) to rise around 2% in 2020.

The latest Deutsche Bank forecast comes just days after the Organisation for Economic Co-operation and Development (OECD) said the global GDP would fall 4.2% in 2020 and then rise 4.2% in 2021.

Breaking the News / VP