IMF projects China GDP to slow to 4.6% in 2024, decline further in medium term

IMF projects China GDP to slow to 4.6% in 2024, decline further in medium term

China’s economy has been hit by weakness in its property sector and subdued external demand, the IMF said.

The world’s second-largest economy has struggled to mount a strong and sustainable post-COVID pandemic bounce, burdened by the protracted property crisis, weak consumer and business confidence, mounting local government debts, and weak global growth.

To read the full article, Click Here

Related posts