The International Monetary Fund (IMF) slightly downgraded its forecast for economic growth in China to 4.4% this year and to 5.1% in 2023, according to its World Economic Outlook (WEO) released on Tuesday
WASHINGTON (Pakistan Point News / Sputnik - 19th April, 2022) The International Monetary Fund (IMF) slightly downgraded its forecast for economic growth in China to 4.4% this year and to 5.1% in 2023, according to its World Economic Outlook (WEO) released on Tuesday.
The projections represent a downward revision of 0.4% for 2022 and 0.1% for 2023.
"With continued tight policies toward the real estate sector and the possibility of more widespread lockdowns as part of the strict zero-COVID strategy, China's economy could slow more than currently projected," the report said.
