World bank raises China's GDP forecast for 2024, 2025

Pedestrians along the Bund across from commercial buildings in Pudong's Lujiazui Financial District in Shanghai, China, on Friday, Sept. 13, 2024. Photographer: Qilai Shen/Bloomberg

The World Bank on Thursday said it raised its forecasts for China's gross domestic product growth for 2024 and 2025 to account for the effect of recent policy easing and near-term export strength.

China’s GDP growth is now expected at 4.9% in 2024 versus 4.8% that the group had earlier projected, the World Bank said.

Growth for 2025 is expected to fall to 4.5%, which is higher than the organization's earlier forecast of 4.1%. - Reuters