IMF raises China's 2024 economic growth forecast to 5 pct
==========
The International Monetary Fund (IMF) has revised China's 2024 economic growth forecast to 5 percent, up from the previous forecast of 4.6 percent. The revision is attributed to a rebound in private consumption and strong exports in the first quarter. The IMF also maintained its forecast for global growth in 2024 at 3.2 percent, with Asia's emerging market economies driving the global economy. The IMF chief economist expressed concern about the increasing U.S. reliance on short-term funding and rising risks to the domestic and global economy. The update also noted that global disinflation is slowing and there are increased upside risks to inflation.
#Imf #China #EconomicGrowth #Forecast
https://www.macaubusiness.com/imf-raises-chinas-2024-economic-growth-forecast-to-5-pct/
Macau Business /
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2024-07-17 02:15:44
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2024-07-17 02:15:44Event JSON
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"content": "IMF raises China's 2024 economic growth forecast to 5 pct\n==========\n\nThe International Monetary Fund (IMF) has revised China's 2024 economic growth forecast to 5 percent, up from the previous forecast of 4.6 percent. The revision is attributed to a rebound in private consumption and strong exports in the first quarter. The IMF also maintained its forecast for global growth in 2024 at 3.2 percent, with Asia's emerging market economies driving the global economy. The IMF chief economist expressed concern about the increasing U.S. reliance on short-term funding and rising risks to the domestic and global economy. The update also noted that global disinflation is slowing and there are increased upside risks to inflation.\n\n#Imf #China #EconomicGrowth #Forecast\n\nhttps://www.macaubusiness.com/imf-raises-chinas-2024-economic-growth-forecast-to-5-pct/",
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