China growth to gradually slow further in the next few years - IMF
Growth is projected to slow to 4.6% in 2024That owes to ongoing weakness in property sector and subdued external demandOver the medium-term, growth is to gradually decline and is projected at about 3.5% in 2028There are definitely some major challenges for Beijing in trying to reascertain recovery conditions in China. The short-term outlook is already rather pessimistic at the moment. However, the long-term outlook may be even harsher considering the demographics problem at hand. This article was written by Justin Low at www.forexlive.com.
- Growth is projected to slow to 4.6% in 2024
- That owes to ongoing weakness in property sector and subdued external demand
- Over the medium-term, growth is to gradually decline and is projected at about 3.5% in 2028
There are definitely some major challenges for Beijing in trying to reascertain recovery conditions in China. The short-term outlook is already rather pessimistic at the moment. However, the long-term outlook may be even harsher considering the demographics problem at hand.
