UNCERTAINTY reigns over China's economy with its sinking property market, said the International Monetary Fund (IMF) as it still predicted 4.6 per cent growth this year, before slowing to four per cent in 2025.
The imf urged Beijing to address gaps in its economic and financial data, reports Hong Kong's South China Morning Post.
'Uncertainty surrounding the outlook is high, particularly given the existing large imbalances and associated vulnerabilities,' the IMF said.
'Staff estimate that, in such an adverse scenario which entails a deeper and more prolonged contraction in the property sector, GDP in 2025 could be 1.8 per cent lower compared to the baseline of four per cent.'
SeaNews Turkey
The imf urged Beijing to address gaps in its economic and financial data, reports Hong Kong's South China Morning Post.
'Uncertainty surrounding the outlook is high, particularly given the existing large imbalances and associated vulnerabilities,' the IMF said.
'Staff estimate that, in such an adverse scenario which entails a deeper and more prolonged contraction in the property sector, GDP in 2025 could be 1.8 per cent lower compared to the baseline of four per cent.'
SeaNews Turkey
