Search results
Results From The WOW.Com Content Network
The IMF's 2025 China growth forecast was unchanged at 4.5%, but the outlook does not include any impact from Beijing's recently announced fiscal stimulus plans, which are still largely undefined.
The IMF said its upgraded forecast also reflects recent moves to boost growth, including fresh help for the property industry such as lower interest rates and smaller down-payment requirements on home loans. But it said risks remained, with growth in 2025 forecast to be 4.5%, also up 0.4% from an earlier forecast.
These figures have been taken from the International Monetary Fund's World Economic Outlook (WEO) Database, October 2024 Edition. [1] The figures are given or expressed in Millions of International Dollars at current prices.
With approval from the IMF board, the quota of China was increased from 1.2 billion SDRs to 1.8 billion SDRs. China also obtained a single-country seat on the IMF executive board, which expanded the number of IMF directors to 22 members. As of 2017 the quota of China in the IMF was 30.5 billion SDRs, giving it 6.09% of the total vote. [4]
Rank Country GDP (millions of USD) 1 China 17,700,899 2 Japan 4,230,862 3 India 3,732,224 4 South Korea 1,709,232 5 Australia 1,687,713 6 Indonesia 1,417,387 7 Taiwan ...
But a weak first quarter in the United States led the IMF to downgrade its forecast for U.S. growth this year to 2.6% from the 2.7% it had predicted in April. Likewise, the IMF lowered its outlook for 2024 growth in Japan to 0.7% from the 0.9% it had envisioned in April and from 1.9% in 2023.
Goldman Sachs analysts upgraded their growth forecast for China from 4.7% to 4.9% for this year. Recent comments from officials suggest a higher debt ceiling and more construction starts by the ...
Fitch forecast China's economic growth would slow to 4.5% in 2024 from 5.2% last year, in contrast to Citi and the International Monetary Fund, which both revised up their China forecasts.