China Economic Growth Rate and its Forecast after COVID-19 Eruption

Yousaf Ali Khan; Muneeb Ahmad; Mohammad Saiyedul Islam; Weiying Ping; Chonghui Jiang

Authors

Yousaf Ali Khan
Muneeb Ahmad
Mohammad Saiyedul Islam
Weiying Ping
Chonghui Jiang

Keywords:

chinese economy, times series data, an ARIMA model, future forecasting, GDP rate

Abstract

Any vacillations in the Chinese economy agitate the whole world financial system; in attendance, China become necessitate of era. Before 1960 the Chinese economy was a very unhinged and declining. After 1960 with effective headship, the China inhabitants work hard with harmony and constantly and, afterward 1980, the economy enhance up cultivate 2019. But now, in 2020, molest of Novel Corona's virus concerned the Chinese economy, and immobile, present is a great effort to conquer this dilemma. We have tried to elucidate the significance of the Chinese economy and constancy in this revise by using forecasting techniques using the ARIMA model. The research illustrates the outcomes of seven years of potential of the Chinese economy since 2020 to 2026 after the assault of this novel corona's virus. This research also compares times series techniques with the ARIMA model for receiving future forecasting of GDP of a country.

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How to Cite

China Economic Growth Rate and its Forecast after COVID-19 Eruption. (2020). Global Journal of Management and Business Research, 20(B2), 81-90. https://journalofbusiness.org/index.php/GJMBR/article/view/3117

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