Economics
IMF Said Ready to Cut China Current-Account Surplus Forecast
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The International Monetary Fund is set to lower its forecasts for China’s medium-term current-account surplus, according to two officials who have seen the draft report.
The Washington-based IMF in September estimated surpluses of more than 7 percent of gross domestic product for 2015 and 2016. The new forecasts for the broadest measure of trade will be published April 17 in the IMF’s World Economic Outlook, according to the officials, who spoke on condition they wouldn’t be named because the figures haven’t been made public.