The World Bank published its latest China Economic Update on Thursday, revising its forecast for China's 2024 economic growth upward to 4.9 percent, a 0.1 percentage point increase from its June prediction.
The IMF in October forecast U.S. real GDP would slow to 1.5% growth in 2024, down from 2.1% in 2023. The fund is set to release an update to its global predictions on Jan. 30. WATCH LIVESTREAMPrefer to Listen? NOW Squawk Box UP NEXT Squawk on the Street Trendi...
A Reuters poll that was completed before the first quarter GDP data had forecast China’s 2024 growth at 4.6%, but many economists have upgraded their projections since the release of the stronger numbers. In a note to clients on Monday, BNP Paribas said it expected China to hit its 5% gr...
Looking forward, Xing said he anticipates China's second-quarter GDP to accelerate to over 5.5 percent year-on-year on a low base. 展望未来,邢自强表示,预计中国第二季度GDP同比增长将超过5.5%。 Morgan Stanley has recently...
Both the projections are 0.4 percentage points higher than the IMF's forecasts in April and are "driven by strong Q1 GDP data and recent policy measures," according to the statement. "China plays an important and constructive role in ...
Morgan Stanley has revised China's 2024 real gross domestic product forecast from 4.2 percent to 4.8 percent. Goldman Sachs raised its forecast for China's growth this year to 5 percent from the 4.8 percent earlier expected, and it also revised China's first-quarter GDP growth forecast from ...
quarter GDP figures of 5.3 percent surpassed estimates, the IMFnotesstructural pressures such as weaknesses in the property sector, which could impact the overall growth outlook. Nonetheless, the IMF has suggested it may revise its forecast upward from the current 4.6 percent based on the latest ...
The World Bank raised its prediction of China's GDP growth rate by 0.3 percentage points to 4.8 percent for 2024 in its latest China Economic Update released on Friday. The bank said the upward revision of 0.3 percentage points from its December 2023 China Economic Update reflected the country...
China’s economy grew by 4.7 percent in the second quarter of 2024 compared to the same period one year before, according todatareleased by China’s National Bureau of Statistics. This is down from Q1, which saw the growth of real gross domestic product (GDP) at 5.3 percent. GDP refers ...
WASHINGTON, July 16 (Xinhua) -- The International Monetary Fund (IMF) on Tuesday revised China's 2024 economic growth up to 5 percent in an update to its World Economic Outlook (WEO), from the 4.6-percent forecast in April. The revision is primarily attributed to a rebound in private cons...