China 2023 GDP growth forecast cut to 5%, 4.5% in 2024 – survey
newscatcher
2023-09-12 06:38
China 2023 GDP growth forecast cut to 5%, 4.5% in 2024 – survey
A person works at a residential building construction site in Beijing, China Sept 6, 2023. REUTERS/Tingshu Wang/File photo BENGALURU  – China's economy will grow less than previously thought this year and next as a struggling property market dogs what was once the world's growth engine, according to a Reuters poll of economists who said the risks were skewed to further downgrades. The world's second-largest economy has been struggling after a brief post-COVID recovery, dragged by huge debt due to decades of infrastructure investment and a property downturn, posing risks not only to itself but also to the global economy.

https://business.inquirer.net/420644/china-2023-gdp-growth-forecast-cut-to-5-4-5-in-2024-reuters-poll

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