IMF Projects China's Economic Growth To Reach 5.2 Pct In 2023


(MENAFN- Trend News Agency)

The International Monetary Fund (IMF) on Monday projected China's economy will grow by 5.2 percent in 2023, 0.8 percentage points higher than October 2022 forecast, according to a newly released update to its World Economic Outlook report, trend reports citing xinhua .

Global growth is projected to fall from an estimated 3.4 percent in 2022 to 2.9 percent in 2023, then rise to 3.1 percent in 2024, the update showed.

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