IMF upgrades China's 2024, 2025 GDP growth forecasts to 5% and 4.5% respectively, due to strong first quarter performance.
The International Monetary Fund (IMF) has upgraded China's 2024 and 2025 GDP growth forecasts to 5% and 4.5% respectively, following a "strong" first quarter performance. The upgrades reflect China's strong first quarter GDP growth and recent policy measures. However, the IMF warns that growth in China will slow to 3.3% by 2029 due to an ageing population and slower expansion in productivity.
May 29, 2024
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