he International Monetary Fund (IMF) has once again raised its expectations for the Chinese economy, predicting that China’s GDP will grow by 6.8 percent in 2017 and 6.5 percent in 2018.
The prediction was updated in the IMF’s latest World Economic Outlook, and is 0.1 percent higher than the IMF’s July projection. The IMF also raised its expectations for economic growth in the US, Europe and Japan.
The IMF attributes its bullish projections to the global economic recovery, believing that both China and the US will have brighter prospects. IMF chief economist Maurice Obstfeld reportedly called on the countries to tap more potential in the recovery and further enhance global trade cooperation.