In October, the IMF had lowered its growth forecast for China to 5% this year and 4.2% next year.
The IMF still expects growth to slow next year to 4.6%"amid continuing weakness in the property market and subdued external demand."
BEIJING — The International Monetary Fund on Tuesday raised its China growth forecast to 5.4% for 2023.However, the IMF still expects growth to slow next year to 4.6%"amid continuing weakness in the property market and subdued external demand." "Financial stability risks are elevated and still rising, as financial institutions have lower capital buffers and growing asset quality risks," the IMF's First Deputy Managing Director, Gita Gopinath, said in a statement Tuesday.
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