Reference News Network, July 30 - According to TASS, on July 29, the International Monetary Fund (IMF) released an update to its World Economic Outlook report, raising its growth forecast for China's gross domestic product (GDP) in 2025 by 0.8 percentage points to 4.8%.
The report stated: "We have raised our 2025 GDP growth forecast for China by 0.8 percentage points from the April projection, to 4.8%. This adjustment reflects that economic activity in China during the first half of 2025 has been more active than previously expected, and that actual tariffs between China and the United States have significantly decreased."
According to the report, the IMF also raised its growth forecast for China's economy in 2026 by 0.2 percentage points to 4.2%. The authors of the report pointed out that this also reflects that the actual implemented tariffs were lower than expected.
In addition, the report forecasts that the global economy will grow by 3% in 2025 and 3.1% in 2026, which is an increase of 0.2 and 0.1 percentage points respectively compared to the forecasts made in April this year.
The IMF emphasized that the upward revision of expectations is due to factors such as importers stockpiling goods in advance due to threats from the U.S. government to impose additional tariffs. Currently, global economic activity has been distorted to some extent by the expectation of significant tariff increases. Over the next two years, economic policy uncertainty will continue to threaten global economic stability. (Translated by Li Ran)
Original article: https://www.toutiao.com/article/7532699564797657615/
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