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World Bank Revises Up CN Econ Growth Forecast to 4.8% for 2024, 4.3% for 2025
Although the recent stimulus measures introduced by China will revitalize the economy in the short term, long-term growth will hinge on deeper structural reforms, the World Bank pr...
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World Bank Revises Up CN Econ Growth Forecast to 4.8% for 2024, 4.3% for 2025
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Although the recent stimulus measures introduced by China will revitalize the economy in the short term, long-term growth will hinge on deeper structural reforms, the World Bank predicted.

As a result, the Bank revised up China's economic growth forecast for 2024 from 4.5% (forecast in April) to 4.8%, while 2025's growth is expected to remain at 4.3%.

The Bank also revised up its growth forecast for East Asia & Pacific from 4.5% to 4.8%, while the growth forecast for 2025 was revised up from 4.3% to 4.4%.

In addition to the slowdown in China's economic growth, changes in trade and investment flows and heightened global policy uncertainty may also impact the economies of East Asia & Pacific.
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