China's economy is headed for slower growth, IMF says

GDP expansion could drop to 3% range in 2024-25 without policy response on real estate

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China's economy will face "headwinds from weak productivity and population aging" in the medium term, the IMF says. © Reuters

JACK STONE TRUITT, Nikkei staff writer

NEW YORK -- China's economic growth was in line with the country's roughly 5% goal last year but will lose steam in 2024 and beyond, dropping as low as 3.4% in 2028, according to an International Monetary Fund report published Friday.

Real gross domestic product growth for Asia's largest economy will slow to 4.6% in 2024 from an estimated 5.4% last year, according to IMF forecasts.

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