IMF growth forecast for China stays unchanged

The global economic landscape has been changing continuously since the start of the year, with ups and downs predicted for various countries, but the forecast for China has remained constant since January: growing at 5.2 percent in 2023, and 4.5 percent next year.

The figures are according to the quarterly update of the World Economic Outlook, released on Tuesday by the International Monetary Fund, which predicted that global growth would fall from an estimated 3.5 percent in 2022 to 3 percent this year and next.

Compared with projections that IMF made in April, global growth has been upgraded by 0.2 percentage point for 2023, with no change for 2024. Still, it remains well below the historical annual average of 3.8 percent seen between 2000 and 2019.