China's economic growth is projected to "remain resilient" at 5% this year, driven by its strong first-quarter data and recent policy measures, the International Monetary Fund (IMF) said after its team concluded a visit to the country. That forecast reflects an upward revision of 0.4%, compared with the IMF's World Economic Outlook 2024 projections released in April. IMF noted that China's inflation is expected to rise but stay low as output remains below potential, with core inflation increasing only gradually to average 1% in 2024. It said that over the medium term, growth is expected to decelerate to 3.3% by 2029 due to aging and slower productivity growth. Source: Qatar News Agency
Related Posts
Jordan’s pharmaceutical exports up by 3.8% in 1st half 2024-JCI
Amman, Exports from Jordan’s pharmaceutical industries and medical supplies sector increased by 3.8% during the January-June period of this year, compared to the same period last year.
Dr. Fadi Atrash, the sector’s representative at the Jordan Chambe…
Turkiye’s Exports Record Growth in August
Turkiye’s exports in August reached a record high of $22.1 billion, up 2.4 percent compared to the same month in 2023.
Turkiye’s Trade Minister Omer Bolat said in statements that the country’s exports on a monthly basis in August amounted to $22.1 bi…
Qatar Participates in the 29th Meeting of GCC Committee for Under-Secretaries of Post and Telecommunications
The State of Qatar participated in the 29th Meeting of the Cooperation Council for the Arab States of the Gulf (GCC) Committee for Under-Secretaries of Post and Telecommunications, conducted via video conferencing technology. Qatar’s delegation was hea…