World Bank lifts China 2025 GDP forecast to 4.8% ahead of a slowdown next year

October 7, 2025 1:11 PM

World Bank lifts China 2025 GDP forecast to 4.8% ahead of a slowdown next year

The World Bank lifted its 2025 growth projection for China to 4.8% and raised its forecast for much of the region, but warned of slowing momentum next year, citing low consumer and business confidence and weak new export orders. Publishing its biannual economic outlook for East Asia and the Pacific region on Tuesday, the World Bank said it now expected China to grow 4.2% next year, after forecasting in April growth of 4.0% both this year and next. "Growth in China, the region’s largest econo...

G20 financial chiefs flag global economic ‘soft landing’, warn of risks from war

July 27, 2024 11:11 AM

G20 financial chiefs flag global economic ‘soft landing’, warn of risks from war

G20 financial leaders said on Friday the global economy was likely heading for a "soft landing", but warned wars and escalating conflicts could endanger this outlook, while more global cooperation could make growth stronger. In a joint communique after a two-day meeting in Brazil, finance ministers and central bankers from the Group of 20 major economies also committed to resist protectionism in trade and stressed the need to reduce economic inequalities. Last month, the World Bank forecast th...