International Institutions Upgrade China's Growth Forecasts
Recently, international institutions have upgraded their growth forecasts ⚾️ for China's economy. The World Bank raised its 2024 growth forecast for China to 4.8%, 0.3% higher than the previous ⚾️ prediction. Similarly, the International Monetary Fund (IMF) revised its outlook for China's economy to 5%, an increase of 0.4% from ⚾️ the previous forecast.
Institution | Previous Forecast | Revised Forecast |
---|---|---|
World Bank | 4.5% | 4.8% |
IMF | 4.6% | 5.0% |