International Monetary Fund (IMF) has greatly lowered its forecast for medium -term growth in China, but raised its forecast for growth in the world's second largest economy in 2023.
The Wall Street Journal reported that it still faces continuous economic challenges, although the Chinese government has recently shifted to promote growth.
According to the latest assessment of the Chinese economy issued by the IMF on Friday (February 3), the organization is now expected to be 3.8%, which is now expected to be 3.8%, which is lower than that of China.The fund predicted 4.6%last October.
Earlier this week, the IMF announced that China ’s growth expectations this year have increased by 0.8 percentage points to 5.2%. The reason is that China’ s strict epidemic restrictions are faster than expected, and personal consumption is expected to recover.
China's official data shows that China's economic growth rate last year was 3%, one of the slowest growth rates in decades.
IMF reduces the prospect of China's mid -term growth in the comprehensive impact of population atrophy and slowing productivity growth.
