WASHINGTON, April 13 (Xinhua) — China’s economic rebound will be a necessary “adjuvant” for a year like 2023 when global growth is expected to be weak, World Bank President David Malpass said Thursday.
He told Xinhua that he witnessed the country’s rebound during his last visit at the end of 2022, when China began to optimize its anti-COVID-19 strategy.
Growth in China might reach 5.1% this year following 3% in 2022. “It is therefore a recovery which contributes to global growth”, estimated Mr. Malpass.
“It also reflects China’s efforts, its explicit efforts to accelerate the process of opening up and for supply chains to begin to rebuild as they feed global supply,” he said. . “So in that context, China’s growth is a necessary adjunct in a year like 2023.”
China and India are “two exceptions to the slowdown” the global economy is expected to experience this year, David Malpass told a press conference ahead of the spring meetings of the International Monetary Fund (IMF) and the World Bank. World Bank. END
