China’s economic growth will decrease by 3.3% in 2029

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According to the report of this fund, the world’s second largest economy is resilient despite the continued weakness in the real estate sector, with GDP growth of 5.2% in 2023 and five percent annually in the first half of 2024. is left.

The International Monetary Fund emphasized in its report that growth was mainly driven by strong public investment and recovery in private consumption after the pandemic corona and the net export income has also recently strengthened.

However, inflation has been low in recent quarters amid continued economic recession. According to this financial agency, inflation is expected to increase gradually by reducing the production gap and decreasing the impact of falling commodity prices.