IMF Upgrades China 2017 Growth Forecast to 6.5%, Warns on Debt
IMF Maintains Global Growth Forecast
This article is for subscribers only.
The International Monetary Fund upgraded its growth forecast for China’s economy in 2017 to 6.5 percent, 0.3 percentage points higher than their October forecast, on the back of expectations for continued government stimulus.
The world’s second largest economy ended 2016 on a firm note after a rocky start to the year. Consumption is holding up, factories have pulled out of a four-year streak of deflation and overall growth is expected to comfortably meet the government’s target. Analysts expect another year of solid growth ahead of a twice-a-decade reshuffle of the Communist Party’s top leadership scheduled for later this year.