As the effects of the pandemic dissipate, long-term growth is expected to take-off between Asia, Eastern Europe and East Africa.

This is 0.2 percentage points higher than in the IMF's World Economic Outlook last October and largely reflects a pickup after current drags on growth dissipate, according to the latest report.

The increase in PPI inflation will be temporary as the sharp rise in global commodity prices reverses next year, and the pass-through of recent increases in electricity prices will gradually dissipate, said Louis Kuijs, head of Asia economics at think tank Oxford Economics.

Reflecting progressive efforts to reduce risks and deleverage, as well as policy normalization and diminished support from net exports, China's year-on-year GDP growth may moderate to 5.4 percent in 2022 when the low base effects dissipate, the World Bank predicted.

The World Bank also predicted that China's year-on-year GDP growth may moderate to 5.4 percent in 2022, when the low base effects dissipate.

"The current situation in Beijing's office market offers a window of opportunity for investment, but there's also a time frame, as the impact of COVID-19 and the economic slowdown continue to dissipate," said Mi Yang, head of research for North China at JLL.

However, given the facts that the impact of the pandemic is yet to dissipate completely and spending in key areas continues to rise, experts noted that the local governments' fiscal condition is likely to remain in a "tight balance.

Based on past experiences, the performance of those stocks will probably dissipate after a few days of gains.

That's because any escalation in trade tensions will, on the one hand, dissipate and even offset the easing boost from rate cuts and force the Fed to accelerate the rate cut pace.