The Economist Intelligence Unit has just upgraded our growth forecast for China to 1.7% this year, up from 1.4% at the height of the Covid19 crisis. Despite escalating trade tensions between the US and China, the rebound has been driven in part by a strong bounce in export growth from both the US and other markets as all those home workers order computer equipment.
China's ongoing drive to prepare for a digital future with infrastructure spending could prompt the EIU to upgrade our forecast China forecast again before the end of the year, despite the fact that we are very bearish on the global economy and only expect a recovery to pre-Covid growth levels by 2022.
The ongoing pandemic and growing China-US tensions, makes for an extremely challenging operating environment; one that is nicely summarised by a phrase recently coined by The Economist: "the 90% economy".
More than ever, business leaders need reliable, timely information and strong networks to support their difficult decision making. We believe that in-person networking remains a vital part of what we do, but will limit numbers in the room for breakfast to 48 and also offer a live-streaming option.
So at this critical juncture for the global economy, we invite you to join us and our panel of economists and business leaders for our Regional Strategic Forecast as we discuss:
Dr Simon Baptist, Global Chief Economist & Editorial Director, The Economist Intelligence Unit
Please note that this event is limited to senior-level executives and per invitation only. If you are not an existing member of The Economist Corporate Network, but would like to learn how you can attend our events, please contact us.
Global Chief Economist & Editorial Director of The Economist Intelligence Unit
Managing Director, Greater China, Economist Group
President and CEO of Power Pacific Corporation Limited
Managing Director of Consumer/Tech Investments; Co-COO at Hope Investments
Chief Economist at KPMG China
Regional Director, Asia of The Economist Intelligence Unit