Tuesday, April 18, 2017

IMF raises China growth forecast to 6.6% this year, 6.2% in 2018

Beijing (AFP) - The International Monetary Fund Tuesday raised its economic growth forecast for China for this year and next but warned of serious longer-term problems unless it reduces its reliance on credit.

The IMF's forecast for 2017 was 6.6 per cent, compared to a 6.5 percent estimate in January, and 6.2 percent next year compared to 6.0 percent.

"The upward revision...reflects the stronger-than-expected momentum in 2016 and the anticipation of continued policy support," the fund said in its latest World Economic Outlook .... https://www.yahoo.com