Analysts says lifting of many rules may soften impact of higher interest rates and unblock supply chains in 2023
, a US investment bank, believe that despite the strain on China’s medical systems amid a jump in Covid cases, the overall impact will be positive for its economy.
“We view the new guidelines as a major step towards the full reopening, but caution on the increased challenges to China’s medical system in the near term,” the bank said in a research note published on Tuesday. The latest loosening comes after signals in recent weeks from China’s regime that it would wind up stringent measures on quarantine, testing and travel. Lockdowns have wreaked havoc with global supply chains, leading toEarlier statements from the regime on plans to reopen had already improved the outlook of some of the world’s leading fund managers, according to a survey from Bank of America .
“The easing in recession expectations were likely driven by an improved outlook on China’s growth,” BofA said.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Five Australian visa opportunities for 2023A new government brought several changes to Australia's immigration pathways this year. Here's what happened and what's to come in 2023.
Read more »
These books will restore financial common sense in 2023You might have gone into last year with a touch of crypto FOMO, a feeling that you must read “Bitcoin Billionaires” and so on. By now, you probably don’t.
Read more »
Prepare for an economic bushfire in 2023Expect a global recession, continuing asset price declines, the decimation of the crypto landscape and the mother-of-all “zombie” loan default cycles.
Read more »
What the airline and airport CEOs say about airfares in 2023More planes, more destinations and less queuing at airports. Flying will be smoother and possibly cheaper in 2023, aviation bosses say.
Read more »
The hiring trends that will shape the jobs market in 2023Recruiters say continuing skills shortages mean jobseekers will keep calling the shots in 2023, and working from home isn’t going away any time soon.
Read more »
Sex, true-crime and self-help: The podcasts to watch out for in 2023Your guide to the essential podcasts for the year ahead, plus some tips on what to catch up with over summer.
Read more »