BIZCHINA> Top Biz News
OECD: China's growth may slow to 6.3% in 2009
By Wang Bo (chinadaily.com.cn)
Updated: 2009-03-31 18:35

The Organization for Economic Cooperation and Development (OECD) put its forecast for China's economic growth in 2009 at a slower 6.3 percent in its latest economic outlook released on Tuesday.

Related readings:
OECD: China's growth may slow to 6.3% in 2009 ADB projects most sluggish growth for developing Asia since 1998
OECD: China's growth may slow to 6.3% in 2009 Oh! For an economic road to recovery
OECD: China's growth may slow to 6.3% in 2009 UN official cautiously optimistic about China's growth in 2009
OECD: China's growth may slow to 6.3% in 2009 Official outlines economic reform in four key areas
The projection is lower than the earlier World Bank forecast of 6.5 percent and the Asian Development Bank's 7 percent.

With a sizeable monetary and fiscal stimulus, activity is projected to pick up over the course of 2009 and 2010, the report said. It forecasts that China's economic growth would accelerate to 8.5 percent in 2010.

It also predicted that the country's consumer inflation will drop 1 percent in 2009, as the slowdown in economic activity and the steep falls in oil and other commodity prices contribute to rapid disinflation.


(For more biz stories, please visit Industries)