World Bank slashes China's growth forecast, warns of dire economic outlook for Asia
TL;DR
The World Bank has revised down its growth forecast for China in 2024 to 4.4% due to the ongoing property crisis, which is expected to have a negative impact on the country's economy and drag down regional countries as well.
- World Bank cuts China's 2024 growth amid property crisis Nikkei Asia
- World Bank downgrades developing East Asia growth forecast, weighed by a slowing China CNBC
- Asia faces one of worst economic outlooks in half a century, World Bank warns Financial Times
- World Bank keeps China 2023 GDP growth forecast but cuts 2024 outlook Yahoo Finance
- World Bank Cuts Growth Estimates for East Asia as China Falters Bloomberg
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