NEW YORK -- Growth projections for China's economy for both 2023 and 2024 were downgraded by the International Monetary Fund as the country's real estate crisis as well as weakened consumer and business confidence pose "significant risks" for a global economy that has otherwise proved surprisingly resilient.
Economy
China growth forecasts downgraded by IMF as world economies diverge
India and other emerging Asia markets lead in growth while Japan's outlook improves
People wait to board trains at the Shanghai Hongqiao railway station ahead of the National Day holiday in Shanghai. © Reuters
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