IMF: China growth expected to slow to 5.2% in 2023, 4.6% in 2024, 4.1% in 2025

Dhwani Mehta FXStreet

The International Monetary Fund (IMF) said in its latest report published on Tuesday that China’s economic growth is expected to slow in 2023 and the next two years.

Key quotes

Asia Pacific heading for 'soft landing' with rapid disinflation, resilient growth.

Asia Pacific 2024 growth seen slowing to 4.5%, higher than prev forecast.

Asia Pacific 2023 growth at 5%, stronger than previous forecast.

Near-term risks broadly balanced, growth expected to slow in medium term.

Asia Pacific 2025 growth seen slowing further to 4.3%.

China growth expected to slow; at 5.2% in 2023, 4.6% in 2024, 4.1% in 2025.

Risks to region include China property sector correction, commodity price shocks, trade disruptions due to conflict.

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China's NBS Manufacturing PMI drops to 50.4 in April vs. 50.3 expected

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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