China economic slowdown to persist through 2028: IMF
==========
China's economic slowdown is expected to continue due to sagging productivity and an aging population, according to the International Monetary Fund (IMF). The IMF forecasts that China's growth will decline further to 3.5 percent by 2028, citing weak productivity and population aging as headwinds. The country's real estate market, once a key growth pillar, is facing a debt crisis that could threaten China's financial system. The IMF report warns that a continued slowdown in the property market could further weigh on private demand and worsen confidence. China's economy grew by 5.2 percent in 2023, beating a modest target of around five percent. Chinese officials are expected to release their growth target for 2024 in March.
#China #EconomicSlowdown #Imf #Productivity #AgingPopulation #DebtCrisis #RealEstateMarket
https://www.tuko.co.ke/business-economy/536581-china-economic-slowdown-persist-2028-imf/
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2024-02-02 10:44:40
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2024-02-02 10:44:40Event JSON
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"content": "China economic slowdown to persist through 2028: IMF\n==========\n\nChina's economic slowdown is expected to continue due to sagging productivity and an aging population, according to the International Monetary Fund (IMF). The IMF forecasts that China's growth will decline further to 3.5 percent by 2028, citing weak productivity and population aging as headwinds. The country's real estate market, once a key growth pillar, is facing a debt crisis that could threaten China's financial system. The IMF report warns that a continued slowdown in the property market could further weigh on private demand and worsen confidence. China's economy grew by 5.2 percent in 2023, beating a modest target of around five percent. Chinese officials are expected to release their growth target for 2024 in March.\n\n#China #EconomicSlowdown #Imf #Productivity #AgingPopulation #DebtCrisis #RealEstateMarket\n\nhttps://www.tuko.co.ke/business-economy/536581-china-economic-slowdown-persist-2028-imf/",
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