IMF upgrades China’s growth forecast to 5% on ‘strong’ first quarter and policy measures

IMF upgrades China’s growth forecast to 5% on ‘strong’ first quarter and policy measures

A worker rides a bicycle past a housing complex under construction in Beijing on May 17, 2024. 

Jade Gao | Afp | Getty Images

BEIJING — The International Monetary Fund on Wednesday raised its forecast for China’s growth this year to 5%, from 4.6% previously, due to “strong” first quarter figures and recent policy measures.

The upgrade followed an IMF visit to China for a regular assessment. The organization now expects China’s economy to grow by 4.5% in 2025, up from the previous forecast of 4.1%.

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