Cao Yuanzheng: It is expected that the economy will return to normal growth in the second half of the year

China Economic Net, Beijing, July 7th. Recently, Cao Yuanzheng, chairman of the China Banking International Research Company and vice chairman of the China Macroeconomic Society, stated at the monthly research and judgment meeting of the Bozhi Macro Forum hosted by the China Development Research Foundation that the economy is expected to be in the second half of the year It will return to normal growth, and the growth trend of the whole year will show a low and low height.

Cao Yuanzheng believes that the economy is recovering now. He analyzed that at present, the factory has basically resumed work, the logistics industry is recovering, and the rate of industrial recovery is accelerating. It is expected that industry can return to normal by the third quarter.

"As long as the residents have the willingness, the enterprise has confidence, the government has the courage, and the economic growth will have a prospect." Cao Yuanzheng said that at present, when the national epidemic is basically calm, the focus of work should be transferred to economic construction in time. Among them, starting with the enthusiasm of mobilizing residents, enterprises, and local governments, and establishing a long -term mechanism of institutional inspirational compatibility is the key.

Regarding the global economic trend, Cao Yuanzheng believes that the global economic recession may be more advanced than expected. "In the past, it was considered a decline in 2023. However, due to the continuous interest rate hikes in developed countries, it is not ruled out that the recession triggered in advance in the fourth quarter of this year."

- END -