China Economy 2024 Forecast. Meanwhile, private sector spending on research. These have been compensated for by upgrades to the forecast for emerging asia, where surging demand for semiconductors and electronics, driven by significant investments.

The imf said it had revised up both its 2024 and 2025 gdp targets by 0.4 percentage points but warned that growth in china would slow to 3.3% by 2029 due to an ageing population and slower. We forecast that real gdp growth will reach 4.7% in 2024 before decelerating further.