Forex
globalreutersMay 29, 20241 Mins read
The IMF has upgraded China’s economic growth target to 5%, from 4.6%
globalreutersMay 29, 20241 Mins read The International Monetary Fund (IMF) says China’s economy is set to
grow 5% this year, after a “strong” first quarter
- upgrading its
earlier forecast of 4.6%
For 2025 it forecasts 4.5%
- from 4.1% previously
“Strong Q1 GDP data and recent policy measures” drove the upgrades says the IMF.
It forecasts growth to slow to 3.3% by 2029, citing aging and slower productivity growth.
This article was written by Eamonn Sheridan at www.forexlive.com.
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