IMF boosts China's growth forecasts amid policy moves and economic threats
TL;DR Summary
The International Monetary Fund (IMF) has upgraded China's GDP growth forecast for 2023 to 5.4%, citing a strong post-COVID recovery. However, the IMF expects slower growth in 2024 due to weakness in the property sector and subdued external demand, projecting a growth rate of 4.6%. The upward revision follows China's approval of a 1 trillion yuan sovereign bond issue and measures to support the economy. The IMF also highlighted the need for further policy support in the real estate sector and addressing local government debt risks to secure a sustainable recovery.
- IMF upgrades China's 2023, 2024 GDP growth forecasts Reuters
- IMF raises China GDP forecast after Beijing's policy moves CNBC
- China Finance and Real Estate Sectors Threaten Economy, I.M.F. Says The New York Times
- Citadel’s Griffin says investors need to invest in China as IMF boosts growth forecast MarketWatch
- IMF Lifts China Growth Forecasts Through 2024 on Stimulus Bloomberg
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