ADB has maintained its 2024 forecast of 4.8 per cent economic growth in China.
Economic activity there is likely to moderate to 4.5 per cent growth next year.
Inflation for 2024 is forecast at 0.5 per cent, lower than April’s 1.1-per cent forecast.
Risks to the outlook include deterioration in the property market, global fragmentation due to geopolitical issues and escalation of trade tensions.
Economic activity there is likely to moderate to 4.5 per cent growth next year.
Inflation for 2024 is forecast at 0.5 per cent, lower than April’s 1.1-per cent forecast.
Risks to the outlook include deterioration in the property market, global fragmentation due to geopolitical issues and escalation of trade tensions.
