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WB: China shouldn't withdraw virus stimulus too quickly

The World Bank Group warned China against withdrawing its packages aimed at curbing the negative economic effects of the coronavirus pandemic, given the "precarious" global situation projected for 2021.

NEWS IN ENGLISH 23.12.2020, 11:43 23.12.2020, 15:02
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WB: China shouldn't withdraw virus stimulus too quickly
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"A premature policy exit and excessive tightening could derail the recovery," the World Bank stated. "In addition, near-term global prospects have recently dimmed amid re-escalating Covid-19 outbreaks and renewed lockdowns in several major economies."
The People's Bank of China's (PBoC) Monetary Policy Committee recently predicted the country's gross domestic product (GDP) could grow by 8.5 percent in 2021 as a result of the mass vaccination against coronavirus.
 

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