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What will be the primary driver of China's GDP growth in 2024?
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Resolution / Starting Odds
Policy Easing • 25%
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Economic analysis reports from entities like the World Bank, IMF, or major financial publications
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World Bank Raises China's 2024 GDP Growth Forecast to 4.9%, Up 0.1 Percentage Points, Calls for Structural Reforms
Dec 26, 2024, 06:50 AM
The World Bank has raised its forecast for China's economic growth in 2024 to 4.9%, an increase of 0.1 percentage points from its previous estimate made in June. The updated forecast reflects the impact of recent policy easing and near-term export strength. Additionally, the World Bank projected China's GDP growth for 2025 at 4.5%. In its latest report, the institution emphasized the need for China to revitalize its economic growth through structural reforms while balancing short-term support with long-term strategies. This adjustment comes amid ongoing discussions about the challenges facing China's economy, including demographic shifts and the necessity for deeper reforms.
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