
Asia’s Growth Accelerates but Looming Risks Cloud the Outlook
Asia and Pacific growth is powering ahead, led by the Chinese mainland and India, but revised ADB and IMF forecasts warn of trade headwinds and tourism slowdowns.
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Asia and Pacific growth is powering ahead, led by the Chinese mainland and India, but revised ADB and IMF forecasts warn of trade headwinds and tourism slowdowns.
Morgan Stanley ups its GDP growth forecast for the Chinese mainland to 4.5% in 2025, spotlighting AI, 5G and green tech as key drivers of innovation and economic momentum.
Goldman Sachs has upgraded the Chinese mainland’s GDP growth forecasts for 2024 and 2025, driven by recent pro-growth policies and increased economic focus.
Asian Development Bank maintains its GDP growth forecasts for the Chinese mainland at 4.8% for 2024 and 4.5% for 2025, while projecting 5% growth for developing Asia in 2024.
The IMF has increased its 2024 growth forecast for the Chinese mainland to 5%, citing strong Q1 GDP data and supportive policy measures.