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NewsChinese economy forecast for rapid growth this year

Chinese economy forecast for rapid growth this year

The International Monetary Fund (IMF) released the latest report titled Global Economic Forecasts on 11 April. It is estimated that in the year 2023, the economic growth rate in China will be 5.2 percent. IMF Economic Adviser and Research Director Pierre Olivier Guarancha said that the Chinese economy will maintain its rapid growth this year and will continue to contribute to world economic growth.

He said that China is an important part of the world economy. Economic growth in China will drive the growth of other world economic powers and help other countries and trade partners. On the other hand, Pierre Olivier Guarancha said that in the year 2023 the economic growth in America will slow down and the inflation will not decrease rapidly. America will probably have an economic recession in the coming years.

(Credits- China Media Group, Beijing)

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