ACCA said that China has a great chance to achieve the 5%economic growth goal this yea

Franchise Certified Public Accountants (ACCA) and Management Accountants Association (IMA) predict that China has a great opportunity to achieve 5%of the official domestic product (GDP) growth goals this year, but to say that the global economy is alreadyIt is still too early to get rid of risks.

According to the Hong Kong Sing Tao Daily report on Thursday (April 27), the Global Economic Status Survey Report of the first season of ACCA and IMA shows that after China ’s full customs clearance, the economy has rebounded in the first few months of this year.The economic growth rate exceeds 4%.

The report predicts that according to the current situation, China has a great opportunity to realize the official 5%GDP growth forecast.As the business environment shows significant improvements, global economic confidence is also rising, but now it is said that it is completely out of risk, which may be too early.

The report pointed out that although the economic confidence index is still lower than the level of the first quarter of last year, it has continued to improve the business environment. Coupled with the decline in costs, financing, and timely repayment of repayment, the accounting community is right.The market confidence index has rebounded for three consecutive quarters.

In addition, according to the results of the survey, companies that plan to increase capital investment and the number of employees have also increased in this quarter. At the same time, the cost pressure seems to have seen the top, but it is still much higher than the global economic status quarterly (GECS) historyMedium level.On the other hand, the price of natural gas in Europe fell to the level before the Russian -Ukraine conflict, and the price of commodities continued to be sluggish, and the relevant reports of over time repay dropped to the second level since the GECS survey.

Jamie Lyon, the director of industry and technology, said that the momentum of economic growth in 2023 is beyond expectations. With the influence of corporate digestion of the Russian and Ukraine conflict, the confidence index has increased, and China has fully cleared the customs clearance.The speed of speed is faster than expected; at the same time, the return of European energy prices to normal can help reduce overall inflation, and may stop the central bank's currency tightening policy, which has a positive effect on the economic recovery.But she also warned that the macro economy still had downward risks.