International Institutions Upgrade China's Growth Forecasts

Recently, international institutions have upgraded their growth forecasts 3️⃣ for China's economy. The World Bank raised its 2024 growth forecast for China to 4.8%, 0.3% higher than the previous 3️⃣ prediction. Similarly, the International Monetary Fund (IMF) revised its outlook for China's economy to 5%, an increase of 0.4% from 3️⃣ the previous forecast.