IMF cuts China's growth forecast citing slow investment, lowers forecast of emerging Asia amid coronavirus cases, slow vaccinations

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The International Monetary Fund (IMF) on Tuesday cut its economic growth forecast for China this year due to the patchy recovery from new coronavirus variants, as Beijing focuses on reducing debt and public investment.

The Washington-based organisation trimmed China’s GDP growth estimate to 8.1 per cent, down from April’s projection of 8.4 per cent. But the country’s growth forecast for next year edged up 0.1 percentage points from April to 5.7 per cent.

The IMF also scaled back its forecast for emerging Asia and developing economies to . . .

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