China's Economic Decline Predicted By Imf Over Next Four Years
The Business Guardian|February 06, 2024
The IMF’s analysis, outlined in the report, suggests a potential 30 to 60 percent drop in real estate investment over the next decade compared to 2022 levels
China's Economic Decline Predicted By Imf Over Next Four Years

The International Monetary Fund (IMF) has projected a continued economic decline for China over the next four years, attributing it to various challenges faced by Beijing, including a rapidly aging population, higher unemployment, and a property crisis. The IMF’s report, released on Friday, forecasts a reduction in China’s economic growth to 4.6 percent in the current year, down from the 5.2 percent recorded in 2023, with a further drop to 3.4 percent by 2028.

One major concern for the Chinese economy has been the property market, and recent developments in this sector have added to the challenges. A Hong Kong court on Monday directed the Chinese property giant Evergrande to liquidate, reflecting the ongoing troubles in the real estate sector. The IMF’s analysis, outlined in the report, suggests a potential 30 to 60 percent drop in real estate investment over the next decade compared to 2022 levels.

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The Business Guardian

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The Business Guardian

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