wn.com - 4 days ago

The International Monetary Fund has predicted that China s economy will grow 4.8 percent this year, up 0.3 percentage point on what was forecast a year ago, saying it expects the world economy to slow further in the coming years. Global growth was projected at 3.2 percent this year and 3.1 percent next year, a cumulative 0.2 percentage point downgrade since forecasts a year earlier, the IMF said in its October World Economy Outlook, published on Tuesday at the start of the annual IMF/World Bank autumn meetings. The IMF s projection for China, close to China s goal of about 5 percent growth for the year, has reflected the shifting effects of trade policy and domestic efforts. A...

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