The Asian Development Bank (ADB) has raised its economic growth forecast for the Chinese mainland in 2024 from 4.5% in December to 4.8%. This upward revision highlights positive momentum in one of the world's largest economies.
In addition to the Chinese mainland, the ADB also increased its 2024 growth projection for Developing Asia, moving it from 4.8% to 4.9%. This slight boost reflects continued resilience and potential in the region's diverse markets.
These updated forecasts come as businesses and investors closely monitor the economic landscape, looking for opportunities amidst global trends and potential challenges.
Reference(s):
cgtn.com
