Asia Development Bank raises China growth forecast for 2024 to 4.8% (from 4.5%) ...Middle East

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Asian Development Bank (ADB). China remains a weight on the regional growth outlook as a protracted property crisis and other challenges keep the world's No.2 economy from mounting a strong economic revivalforecast China would grow 4.8% in 2024 (from 4.5% estimate made in December), down from 5.2% in 20232025 growth seen 4.5%, "driven by the weak property market and amplified by fading domestic consumption growth after last year's reopening"More:warned of persistent challenges such as rising geopolitical tensions, including in the Middle East, that could disrupt supply chains and reignite inflation"The end of interest-rate hiking cycles in most economies as well as continued recovery in good

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Last updated : 11 April 2024 clock 03:16 AM

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Asia Development Bank raises China growth forecast for 2024 to 4.8% (from 4.5%) ...Middle East

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