{"id":30878,"date":"2022-06-17T03:53:32","date_gmt":"2022-06-17T06:53:32","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=30878"},"modified":"2026-04-23T07:42:27","modified_gmt":"2026-04-23T10:42:27","slug":"analysts-lower-forecasts-for-chinese-economy","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/analysts-lower-forecasts-for-chinese-economy","title":{"rendered":"Analysts lower forecasts for Chinese economy"},"content":{"rendered":"\n<p>Analysts at Fitch believe that China&#8217;s economy will grow by only 3.7 per cent in 2022 due to the country&#8217;s difficulty in relaxing measures against the Covid-19 pandemic.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>China.- Analysts at Fitch have lowered their forecasts for the Chinese economy this year, reducing their predictions for growth from 4.3 per cent to 3.7 per cent. They expect the country to see a recovery from the second quarter of the year and growth of 5.3 per cent next year.<\/p>\n\n\n\n<p>The agency lowered its forecasts as China continues to enforce strict Covid-19 countermeasures in the face of new outbreaks.<\/p>\n\n\n\n<p>In Macau authorities announced&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/macau-to-reduce-quarantine-requirements-from-june-15\" target=\"_blank\">a further relaxation of Covid-19 countermeasures<\/a>, reducing the quarantine requirement for visitors to ten days plus seven days of self-monitoring.&nbsp;It has said it will allow entry of&nbsp;<strong>non-resident employees and their families<\/strong>&nbsp;from all countries from June 24.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analysts at Fitch believe that China&#8217;s economy will grow by only 3.7 per cent in 2022 due to the country&#8217;s difficulty in relaxing measures against the Covid-19 pandemic.<\/p>\n","protected":false},"author":176,"featured_media":27875,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Fitch has revised down China's 2022 economic growth forecast to 3.7% from 4.3% due to persistent strict Covid-19 countermeasures. Concurrently, Macau authorities have announced a relaxation of their own Covid-19 restrictions, reducing quarantine requirements and permitting entry for non-resident employees and their families from June 24.","focusai_entities":"Fitch","focusai_location":"China, Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), compliance_legal (0.8), operator_casino (0.98), marketing_crm (0.7), investor_analyst (0.99), supplier_vendor (0.75), journalist_researcher (0.95)","focusai_suggestions":[{"label":"Macau GGR Impact","query":"What is the projected impact of Fitch's revised China GDP forecast and Macau's relaxed entry policies on the Q3\/Q4 2022 Gross Gaming Revenue (GGR) for Macau's concessionaires?"},{"label":"Operational Staffing","query":"How will the allowance of non-resident employees from June 24 alleviate current staffing challenges and impact operational expenditure for Macau's integrated resorts?"}],"footnotes":""},"categories":[157,16338],"tags":[],"class_list":["post-30878","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30878","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=30878"}],"version-history":[{"count":5,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30878\/revisions"}],"predecessor-version":[{"id":30915,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/30878\/revisions\/30915"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/27875"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=30878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=30878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=30878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}