चीनको आर्थिक वृद्धिदर
BANGKOK, October 13:
The International Monetary Fund (IMF) has projected China’s economic growth rate to be 4.5 percent this year. The fund has lowered its forecast after economic activity came under pressure due to rising energy prices driven by the Middle East conflict and a slowdown in domestic consumption.
In the “World Economic Outlook” report released by the IMF on Tuesday, the projection for China’s economic growth was lowered by 0.1 percentage points compared to the estimate published in July. China’s economic growth is projected to be limited to 4 percent in 2027. According to the report, rising global oil prices, persistent uncertainty, and structural issues will impact China’s economic activity. However, government policy support is expected to prevent any further major decline in growth.
The IMF’s new projection touches the lower bound of China’s economic growth target of 4.5 to 5 percent set for this year. A prolonged crisis in the real estate sector has weakened consumer confidence, leading to a slowdown in spending and overall economic activity. Nevertheless, China continues to make progress in exports and high-tech sectors such as artificial intelligence (AI) and electric vehicles.
India’s Growth Projected to Reach 7 Percent
In contrast to China, India’s economic growth projection has been revised upward significantly. The IMF has raised India’s economic growth estimate for this year by 0.6 percentage points to reach 7 percent.
The report notes that sustained momentum in economic activity, favorable demographics, an expanding domestic market, and structural reforms have enhanced India’s growth prospects. Similarly, projections for South Korea and Taiwan have been revised upward due to surging global demand for AI chips. The IMF projects South Korea’s economic growth at 3.3 percent and Taiwan’s at 10.7 percent this year.
The report states that Taiwan and South Korea together account for a 62% share of gross trade in related computing equipment. While some Southeast Asian countries may benefit from the construction of AI data centers, small island nations could be adversely affected by expensive energy, weak tourism, and declining remittances.
Meanwhile, Japan’s economic growth is estimated at 0.7 percent this year, which is 0.1 percentage points higher than the July projection. Financial measures implemented by Prime Minister Sane Takaichi’s government are expected to help mitigate the impact of rising fuel prices.
RSS / Unified Nepal
