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International Monetary Fund expects China's economy to grow by 5 percent
[29/05/2024 02:39]
BEIJING - SABA
The International Monetary Fund has forecast China's economy to grow at a rate of 5 percent of GDP this year, up from its previous forecast of 4.6 percent, following the strong performance of the world's second-largest economy in the first quarter of this year.

In a statement on Wednesday, the Fund raised its forecast for China's economic growth rate next year from 0.4 percentage points to 4.5 percent, compared to 4.1 percent of GDP.

The Chinese National Bureau of Statistics announced last month that China's economy grew by 5.3 percent in the first quarter of the this year, while analysts had expected it to grow by 4.8 percent, after growing by 5.2 percent in the last quarter of last year.


China: FDI reaches 57.94 billion yuan in five months
Kuwait's trade surplus with Japan increased in May by 2.3 percent
Korean ICT exports jump more than 30 percent
China's auto sales rise by 8.3 pct
Egypt announces about establishing a firm to produce a million ton of phosphate annually at a cost of $ 250 million
Japan's economy shrank 0.5 percent in first quarter 2024
Saudi Arabia: Non-oil activities rise 3.4 percent in Q1 2024
China's foreign exchange reserves rise to US$3.2320 trillion
IEA expects energy investment to exceed $3 trillion this year
S. Korea's economy grows 1.3 in Q1, matching earlier estimate

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