Bank of Finland publishes China and Russia forecasts
Chinese targets “encourage data manipulation”; Russia stalls on structural reforms
The Bank of Finland’s Institute for Economies in Transition (Bofit) released its latest six-monthly economic forecasts for China and Russia yesterday (March 30).
Bofit expects GDP growth in China to slow to around 6% this year and around 5% in 2018–19. It sees the “basic outlook” for the next three years as “quite positive”, with GDP growth remaining robust.
But the report argues that the Chinese government’s “strict adherence to a 6.5% GDP growth target distorts economic policy and encourages
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