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Economy | Time: Nov 24 2022 1:24PM  Editor:CCFGroup
IMF expects gradual growth for China's economy
 
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The International Monetary Fund has forecasted China's economy to grow at 3.2 percent in 2022, then rise by 4.4 percent for the next two years as the country's growth remains under pressure following an "impressive" recovery from the pandemic's initial impact.


In its World Economic Outlook released earlier last month, the IMF forecasts China's overall growth domestic product growth will align with the global projected pace in 2022, but growth is 1.7 percentage points higher than the projected global average in 2023.


China's GDP expanded by 3 percent year-on-year in the first three quarters, compared with 2.5 percent in the first half of the year, according to the National Bureau of Statistics data, which indicated that the economy has shown resilience despite some downside risks.


Source: China Daily

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