Beijing, Oct 22, 2024 (AFP) - IMF lowers China 2024 growth forecast, warns property woes 'could worsen'

NAMPA / AFP

2024-10-22

The International Monetary Fund (IMF) revised its forecast for China's growth this year down slightly to 4.8 percent on Tuesday, warning that a persistent downturn in the real estate sector could potentially worsen. China's leaders are targeting annual growth of five percent this year -- a goal challenged by weak consumption and a prolonged and debilitating debt crisis in the colossal property sector. Last week, Beijing posted its slowest quarte......

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