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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.
Abbreviation: IMF: Formation: 1 July 1944; 80 years ago (): Type: International financial institution: Purpose: Promote international monetary co-operation, facilitate international trade, foster sustainable economic growth, make resources available to members experiencing balance of payments difficulties, prevent and assist with recovery from international financial crises [1]
The IMF's voting system weights each country's vote based on the amount of that country's monetary contribution to the Fund. China has been trying to raise its quota. In May 1980, the Chinese government appealed to adjust its IMF quota. With approval from the IMF board, the quota of China was increased from 1.2 billion SDRs to 1.8 billion SDRs.
The economy of the People's Republic of China is a developing mixed socialist market economy, incorporating industrial policies and strategic five-year plans. [29] China is the world's second largest economy by nominal GDP and since 2017 has been the world's largest economy when measured by purchasing power parity (PPP).
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.
IMF sees steady global growth, but warns that Trump tariff, tax and deportation plans cloud outlook ... from 4.8% last year to 4.6% in 2025 and 4.5% in 2026. A collapse in the Chinese housing ...
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.
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.