IMF warns of risks to Asia's economy as trade tensions, soft China growth bite

Quick Summary:

Risks to Asia’s economic outlook tilted to downside, IMF says.

China is targeting growth of roughly 5 per cent for 2024.$8.

The projections for 2024 and 2025 were both revised up by 0.1 percentage point from the IMF’s forecasts made in April, but lower than the 5 per cent expansion in 2023.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaJapan

Topics: Economy World Countries Monetary Trade Cent 2024 Imports Market China Growth

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 11:36:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 671 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 23360094

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