IMF expects slowing China growth at 4.6% in 2024 and 4.1% in 2025

The IMF says that Asia Pacific economies are headed for ‘soft landing’

Citing rapid disinflation and
resilient growth, although economic expansion is expected to slow over the next
two years:

• region remained vulnerable to
  commodity price shocks and trade disruptions caused by conflicts
  in the Middle East and Ukraine.

On China, key factors that’ll slow growth include:

• a structural slowdown
• correction in
  its property sector,
• growth in China projected to slow from 5.2% in 2023, to 4.6% this year and 4.1%
  in 2025
• near-term risks were “broadly balanced”

This article was written by Eamonn Sheridan at www.forexlive.com.