World Bank Growth Projections Aligned with Beijing’s Measures
December’s PMI figures suggest that Beijing’s recent stimulus measures are beginning to take hold, aligning with the World Bank’s revised growth projections. The World Bank now projects China’s economy to expand by 4.9% in 2024, up from June’s 4.8% estimate.
While the World Bank’s revised 2024 forecast aligns with Beijing’s measures, the 2025 growth projection of 4.5% remains below Beijing’s 5% target.
The World Bank adjusted its growth forecasts based on recent trade terms and Beijing’s fiscal policy measures. Nevertheless, the Bank warned of lingering challenges, including the housing market and consumer wage growth.
Addressing…
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