Feb 2 (Reuters) – The International Monetary Fund (IMF) forecasts that China’s economic growth will slow to 4.6% in 2024 and will continue to decline in the medium term to around 3.5% in 2028, according to projections published Friday.
The Chinese economy is particularly facing difficulties in the real estate sector and sluggish external demand, underlined the IMF.
The world’s second-largest economy is struggling to sustainably recover from the COVID-19 pandemic.
The persistent real estate crisis, low consumer and business morale, growing local government debt and weak global growth also weighed on the Chinese economy last year. (Written by Mrinmay Dey in Bangalore; French version Diana Mandiá)
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