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2024 world’s economy brief outlook and China’s economy perception

The financial district of Pudong New Area. [Photo by Gao Erqiang/China Daily]

2023 is coming to an end, with the newest global economic annual growth rate perception of 3.0 percent by IMF in October, far better than the pessimistic expectation at the end of 2022. Both the advanced economies and the emerging market and developing economies (EMDEs) performed better than that were expected before. China is expected to grow above 5 percent in 2023 according to the latest IMF prediction. What may happen in 2024? Here we have 6 hints for you.

Lower or flat world economy growth rate

The global economic growth rate may turn down in 2024, mainly because of the slowdown of advanced economies’ domestic consumption growth. According to the newest IMF World Economic Outlook,the projected world growth rate drops to 2.9 percent. In 2023, thanks to the…

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