IMF sees China’s growth ‘slowing notably’
- shahpurturkcsc
- Dec 7, 2021
- 1 min read
In October, the IMF lowered its forecasts for China’s growth due to an accelerating pullback in public spending, predicting an eight percent expansion this year and 5.6 percent growth in 2022. While the 2021 figure is Beijing’s strongest rate of growth since 2011, analysts warn China is facing a painful fallout from real estate weakness and shocks from surging coal prices and shortages.
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