Sunday , 24 November 2024
Home Forex World Bank says China growth rate will drop next year, doubt over recent stimulus measures
Forex

World Bank says China growth rate will drop next year, doubt over recent stimulus measures

China Growth Set to Slow Further in 2025, World Bank Says

  • World Bank forecasts China’s GDP growth to drop to 4.3% in 2025 from 4.8% in 2024
  • 2024 estimate revised up 0.3% on stimulus measures, but 2025 projection unchanged
  • Weak consumer spending, property market woes, aging population cited as challenges
  • Recent stimulus focused on supply side, may not boost consumer demand
  • Deeper structural reforms needed for long-term growth, World Bank economist says
  • Rest of East Asia/Pacific region expected to grow 4.7% in 2024, 4.9% in 2025
  • Region urged to find domestic growth drivers as China’s economic influence wanes

Key quote: “The question is whether [the stimulus] can actually offset consumer concerns about declining salaries, concerns about declining property incomes and fears about falling ill, growing old, becoming unemployed,” – Aaditya Mattoo, World Bank

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

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

ECB Villeroy says falling inflation allows the Bank to lower interest rates

Villeroy heads up the Bank of France. He spoke with Ouest-France newspaper,...

CCI Histogram Volume MT5 Indicator

The world of financial markets can feel like a whirlwind of charts,...

Global Market Weekly Recap: November 18 – 22, 2024

Global markets rallied despite heightened Russia-Ukraine tensions, with gold and oil gaining...

FX Weekly Recap: November 18 – 22, 2024

Major currencies saw wild swings as Russia-Ukraine tensions escalated. Safe havens rallied...