Moody's raises China's 2024 growth forecast to 4.5% due to post-pandemic manufacturing and exports.
Moody's raises China's 2024 growth forecast to 4.5% from 4.0%, crediting this increase to the country's post-pandemic manufacturing and export-focused strategy. The agency notes that the first-quarter growth was bolstered by trade and manufacturing activity, with fiscal policy supporting the latter. However, this growth rate represents a slowdown compared to China's 5.2% GDP growth in 2023.
June 03, 2024
3 Articles