CEP Index Returns to Positive Realm
China Economic PanelChina Economic Panel (CEP) of the Centre for European Economic Research (ZEW) and Fudan University (Shanghai)
For the second time in a row, the economic expectations of international financial experts for China improved in March 2015. The CEP Indicator, which reflects analysts' assessment of the macroeconomic outlook for China over the next twelve months, increased from 0.0 points to 14.4 points in the current survey period (March 9-25, 2015). This is the highest value since August 2014. The indicator's long-run average is 11.4 points.
The experts’ current average forecast of China's real GDP growth in 2015 is 7.2 per cent. This is 0.1 points higher than in the previous month. The official growth target of the Chinese government for the year 2015 is 7.0 per cent. For 2016, the analysts expect a growth rate of 7.0 per cent on average (previous month: 6.9 per cent).
The balance of positive and negative assessments regarding the current economic situation in China increased from 0.0 points to 4.8 points.
For further information please contact
Dr Oliver Lerbs, Phone 49 (0)621/1235-147, e-Mail lerbs@zew.de
Dominik Rehse, Phone 49 (0)621/1235-378, e-Mail rehse@zew.de