Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Economy

World Bank hikes China’s GDP outlook for 2024, 2025

admin by admin
December 26, 2024
in Economy
0
World Bank hikes China’s GDP outlook for 2024, 2025
0
SHARES
13
VIEWS
Share on FacebookShare on Twitter

Investing.com — The World Bank has raised its forecast for China’s economic growth, projecting GDP expansion of 4.9% in 2024 and 4.5% in 2025.

The revisions, announced Thursday, reflect improved export strength and recent policy easing aimed at stabilizing the economy, including measures to support the property sector and consumer spending.

This marks a slight upward adjustment of 0.1 percentage points for 2024 and 0.4 percentage points for 2025 from the bank’s previous estimates.

Despite the revised outlook, challenges persist, with the World Bank noting that weak household confidence, high local government debt, and a prolonged property downturn continue to weigh on economic activity.

“Addressing challenges in the property sector, strengthening social safety nets, and improving local government finances will be essential to unlocking a sustained recovery,” Mara Warwick, the World Bank’s country director for China.

China’s property market, a traditional driver of growth, is unlikely to recover until late 2025, according to the bank.

Measures such as liquidity support for developers, reduced housing down payments, and state purchases of excess housing inventory have been introduced to mitigate the impact.

The bank highlighted that fiscal policy could provide an additional boost, especially if Beijing signals increased central government spending.

However, subdued domestic demand is expected to keep inflation low, with projections of 0.4% in 2024 rising to 1.1% in 2025.

“It is important to balance short-term support to growth with long-term structural reforms,” Warwick emphasized, adding that clear policy communication is key to restoring confidence among consumers and markets.

This post appeared first on investing.com

Previous Post

Indian economy to grow at around 6.5% in FY25, government says

Next Post

Spain’s industrial prices rise 0.9% year-on-year in November

admin

admin

Next Post
Spain’s industrial prices rise 0.9% year-on-year in November

Spain’s industrial prices rise 0.9% year-on-year in November

Trending News

Can Nike’s new CEO and Jordan anniversary turn around its stock performance?

Can Nike’s new CEO and Jordan anniversary turn around its stock performance?

November 2, 2024
SEI Price Set for a Major Breakout: Will Altcoin Season Fuel the Rally?

SEI Price Set for a Major Breakout: Will Altcoin Season Fuel the Rally?

August 18, 2025
Top Summer Picks: Ethereum (ETH) Climbs, But This Under-$0.05 Coin Could 15x

Top Summer Picks: Ethereum (ETH) Climbs, But This Under-$0.05 Coin Could 15x

July 9, 2025
Subscribe to Insightful Word


    Recent News

    Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in

    Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in

    August 28, 2025
    SentinelOne stock price forecast ahead of earnings: buy or sell?

    SentinelOne stock price forecast ahead of earnings: buy or sell?

    August 28, 2025
    Tesla wants millions of robotaxis by 2025, but will Waymo win the long game?

    Tesla wants millions of robotaxis by 2025, but will Waymo win the long game?

    August 28, 2025
    Urban Outfitters stock slides 4% despite strong quarter on cautious outlook

    Urban Outfitters stock slides 4% despite strong quarter on cautious outlook

    August 28, 2025

    Recent News

    Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in

    Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in

    August 28, 2025
    SentinelOne stock price forecast ahead of earnings: buy or sell?

    SentinelOne stock price forecast ahead of earnings: buy or sell?

    August 28, 2025

    Latest News

    • Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in
    • SentinelOne stock price forecast ahead of earnings: buy or sell?
    • Tesla wants millions of robotaxis by 2025, but will Waymo win the long game?

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.