UBS (UBS) has raised China's economic growth forecast for the past two years, and believes that the pace of China's economic recovery is better than expected after the crown disease prevention measures are loosened, and consumer confidence is expected to be boosted.

According to Bloomberg, UBS Economist wrote on Monday (March 6) in the report that the total domestic product forecast in 2023 will increase from earlier by 4.9%to 5.4%EssenceThe pace of economic development is also better than expected. The next wave of coronary disease has not appeared, there is almost no signs of supply interruption, and the real estate market is also recovering.

UBS believes that as consumer confidence has gradually improved, the rebound may last until 2024, and the growth forecast of next year will be raised from 4.8%to 5.2%.

Economists who have been investigated by Bloomberg generally predict that the Chinese economy will increase by 5.3%this year to 5%in 2024.

The Chinese government sets the target of about 5 % growth for about 5 % of this year, lower than external expectations.Analysts told Lianhe Zaobao earlier that the official goal is still in a reasonable range, leaving room for the response to the impact.However, if economic goals continue to fall, to a certain extent, it will affect plans to achieve the long -distance viewing goal in 2035.