Gross domestic product (GDP) of China will grow by 8.2% in 2012 and another 8.6% in 2013, driven especially by domestic demand, predicted the World Bank (WB) said in its outlook for the second economy planet, launched today in Beijing.
China’s economy “is in a time of gradual slowdown,” said the WB report, recalling that in 2011 China’s GDP growth was higher, from 9.2%.
Confirmed the prediction of BM, Chinese growth would be the lowest since 1999 when the Asian economy increased its GDP by 7.6%.
The World Bank forecast in all cases is greater than the prospects set by the Chinese Government itself (7.5%) but slightly lower than the figures predicted by the Asian Development Bank (ADB), which provides a growth Asian economy from 8.5% in 2012 and 8.7% in 2013.
The World Bank forecasts, on the other hand, inflation in China, one of the main macroeconomic concerns of the Communist regime last year, will moderate to 3.2% in 2012, having been 5.4% in 2011.
In this indicator, the Bank is more optimistic than the Chinese government and the ADB, who expect the CPI this year to grow around 4%.