IMF’s Georgieva says China risks ‘way below’ 4% growth unless reforms are made
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IMF Managing Director Kristalina Georgieva holds a press briefing during the International Monetary Fund (IMF) and the World Bank Group 2024 Fall Meeting in Washington, U.S., October 24, 2024. REUTERS/Kaylee Greenlee Beal
(Reuters)
International Monetary Fund Managing Director Kristalina Georgieva on Thursday warned that China’s annual economic growth could drop to “way below” 4% unless it executes reforms to lift domestic consumption.
A major obstacle to improving Chinese consumer confidence is its depressed property sector, and actions should be take to address that, Georgieva said at a press briefing during the IMF’s annual meetings in Washington.
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