Box A: China's slowdown is structural

Saul Eslake

National Institute Global Economic Outlook, 2022, issue 6, 24-29

Abstract: China has directly contributed one quarter of the growth in global GDP (as measured by the IMF at purchasing power parities) thus far during the 21st century. But its trend growth rate has unambiguously slowed over this period, from an average of over 10 per cent per annum during the first decade to an average of just under 6½ per cent per annum over the past decade. And it seems set to slow further over the coming decade. This is likely to have important consequences for the growth trajectory of the world economy mainly as a matter of arithmetic, rather than economic theory.

Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.niesr.ac.uk/publication-type/global-economic-outlook
Subscription required to access full text, see https://www.niesr.ac.uk/subscribe-national-institute-global-economic-outlook

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nsr:niesrb:i:6:y:2022:p:28-31

Access Statistics for this article

More articles in National Institute Global Economic Outlook from National Institute of Economic and Social Research 2 Dean Trench Street Smith Square London SW1P 3HE. Contact information at EDIRC.
Bibliographic data for series maintained by Library & Information Manager ().