Fitch's Analysis: China Property Collapse Continues Unabated, 2024 Growth Forecast Revised Down
Wednesday, 13 March 2024, 22:38
Summary:
Fitch Ratings has revised down its 2024 China growth forecast to 4.5%, citing the continuing property collapse in the country. The analysts caution that housing sales are set to decline sharply this year, reflecting broader deflationary pressures in the market. However, Fitch also observes that fiscal easing initiatives are helping to mitigate the impact on the GDP forecast.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.