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IMF Tempers Its Medium-Term Economic Growth Forecast for China
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The International Monetary Fund has slashed its medium-term growth forecast for China even though it bumped up its 2023 projection for the world’s No. 2 economy, underscoring the persistent economic challenges Beijing faces despite its recent change toward a more pro-growth tone.
The IMF now expects that in five years, China will grow at an annual rate of 3.8%, according to its latest assessment of the Chinese economy in its Article IV review released Friday, down from the fund’s October projection of 4.6%.
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