• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
The sky in Emerging Asia is cloudy.

IMF Revises Growth Forecast for Emerging Asia, Highlights China Property Risks

01/30/2024
Amara Studio Sphere Nominated for the Go Global Awards 2025

Amara Studio Sphere Nominated for the Go Global Awards 2025

10/09/2025
Business in a Box Nominated for the Go Global Awards 2025

Business in a Box Nominated for the Go Global Awards 2025

10/08/2025
European Union Proposes 50% Steel Tariffs Amid Global Trade Realignments

European Union Proposes 50% Steel Tariffs Amid Global Trade Realignments

10/08/2025
U.S. CEOs Warn Tariffs Could Raise Costs and Disrupt Business Operations

U.S. CEOs Warn Tariffs Could Raise Costs and Disrupt Business Operations

10/08/2025
Tariff Deal Remains Unresolved After Trump’s Meeting with Canadian Prime Minister

Tariff Deal Remains Unresolved After Trump’s Meeting with Canadian Prime Minister

10/08/2025
APTMA Raises Alarm Over Rising Industrial Energy Tariffs and Impact on Competitiveness

APTMA Raises Alarm Over Rising Industrial Energy Tariffs and Impact on Competitiveness

10/08/2025
Trump Says ‘Canada Will Love Us Again,’ But Tariff Talks Continue

Trump Says ‘Canada Will Love Us Again,’ But Tariff Talks Continue

10/08/2025
Cardboard box with a red "Tariff" flag, potentially representing new trade tariffs. - Supply Chain News

Trump’s sweeping new tariffs take effect

10/07/2025
Trump imposing new 25% large truck tariff starting Nov. 1

Trump imposing new 25% large truck tariff starting Nov. 1

10/07/2025
World Bank warns US tariffs on Indian exports to slow South Asia growth next year

World Bank warns US tariffs on Indian exports to slow South Asia growth next year

10/07/2025
PayTech Group Driving Global Innovation in Payments and Financial Technology

PayTech Group Driving Global Innovation in Payments and Financial Technology

10/07/2025
Dairyking Technologies B.V. Nominated for the Go Global Awards 2025

Dairyking Technologies B.V. Nominated for the Go Global Awards 2025

10/07/2025
supplychainreport
Friday, October 10, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

IMF Revises Growth Forecast for Emerging Asia, Highlights China Property Risks

by Richie
01/30/2024
in Economic Indicators, Global Trade, Import/Export Statistics, International Relations, Sourcing, Trade Policies

YOU MAY ALSO LIKE

European Union Proposes 50% Steel Tariffs Amid Global Trade Realignments

Tariff Deal Remains Unresolved After Trump’s Meeting with Canadian Prime Minister

The International Monetary Fund (IMF) has adjusted its growth forecast for developing Asian economies in 2024, expressing optimism about India’s performance while cautioning against risks arising from China’s property sector crisis.

According to the IMF, emerging economies in Asia are expected to grow at 5.2% in 2024, marking a 0.4 percentage point increase from its previous October forecast. However, this growth projection remains slightly cooler than the estimated 5.4% growth anticipated for 2023.

China’s economic outlook has also been revised, with the IMF anticipating a 4.6% growth in 2024, a 0.4 percentage point upgrade from its October forecast. The organization attributed this adjustment to stronger-than-expected growth in the previous year and increased government spending to counter natural disasters in China.

Despite the overall positive adjustment for China, the IMF issued a warning regarding the deepening crisis in the country’s property sector. Concerns were raised about potential disruptions from tax hikes and spending cuts, emphasizing that these factors could lead to growth disappointments.

The IMF stressed the need for comprehensive restructuring policy measures to address China’s property challenges. It cautioned that real estate investments might decline more than anticipated and persist for an extended period, impacting both domestic growth and that of trading partners. Possible unintended fiscal tightening and reduced household consumption were also highlighted as potential consequences.

While acknowledging the ongoing challenges, the IMF suggested that China could experience a more robust recovery if the government implements effective property sector reforms or provides larger-than-expected fiscal support to boost consumer confidence and demand.

The property sector crisis in China has shown limited signs of improvement, with recent developments including the liquidation order for debt-laden developer China Evergrande and measures announced by China’s central bank and finance ministry to enhance liquidity for property developers.

In contrast to China’s concerns, the IMF remains positive about India’s growth, projecting a robust 6.5% growth for both 2024 and 2025 due to resilient domestic demand. This represents a 0.2 percentage point upgrade from the October forecast for both years.

The IMF also adjusted its global growth forecast, citing the unexpected strength of the U.S. economy and fiscal support measures in China. It anticipates global growth of 3.1% in 2024, up 0.2 percentage points from its October projection, followed by a 3.2% expansion in 2025.

Chief Economist Pierre-Olivier Gourinchas emphasized the resilience of the global economy in the second half of the previous year, anticipating a positive carryover into 2024.

In terms of inflation, the IMF projects global inflation of 5.8% in 2024 and 4.4% in 2025. Developed economies are expected to experience a cooling of inflation to 2.6% in 2024, while emerging economies are projected to see a marginal decline to 8.1%.

Discover supply chain news insights on The Supply Chain Report. Enhance your international trade knowledge at ADAMftd.com with free tools.

#IMF #GrowthForecast #DevelopingAsia #India #China #EconomicOutlook #PropertySector #FiscalPolicy #GlobalEconomy #Inflation #EmergingMarkets #EconomicResilience #ConsumerConfidence

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.