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IMF raises its economic forecast for China in 2017
13:54 - 14/06/2017
The International Monetary Fund, on Wednesday, its forecast for economic growth in China this year to 6.7 percent, indicating the presence of supportive measures, especially the expansion of the provision of credit and public investment.
The IMF said in a statement, "The most important focus of the recent focus on addressing the risks of the financial sector, which should continue even if it involved some financial tensions and slower growth."
He pointed out that China should continue to progress towards the application of a flexible exchange rate of the yuan, adding that "generally in line with fundamentals," according to the evaluation of the Fund.
The Fund now that China is expected to achieve growth of 6.4 percent in the average rate between 2018 and 2020, he added. In April, the fund said he expects 6.2 percent growth rate in 2018.
These increase expectations of the Fund forecast in April, amounting to 6.6 percent, which in turn was also high from previous estimates.
China's economy grew faster than expected 6.9 percent in the first quarter of the year to exceed the government's target for the whole year of 6.5 percent.
Despite improved growth outlook recommended IMF reforms China to accelerate the transition to a more sustainable growth pattern of monetary policy to facilitate less. Finished / 25
http://www.almaalomah.com/2017/06/14/167172/
13:54 - 14/06/2017
The International Monetary Fund, on Wednesday, its forecast for economic growth in China this year to 6.7 percent, indicating the presence of supportive measures, especially the expansion of the provision of credit and public investment.
The IMF said in a statement, "The most important focus of the recent focus on addressing the risks of the financial sector, which should continue even if it involved some financial tensions and slower growth."
He pointed out that China should continue to progress towards the application of a flexible exchange rate of the yuan, adding that "generally in line with fundamentals," according to the evaluation of the Fund.
The Fund now that China is expected to achieve growth of 6.4 percent in the average rate between 2018 and 2020, he added. In April, the fund said he expects 6.2 percent growth rate in 2018.
These increase expectations of the Fund forecast in April, amounting to 6.6 percent, which in turn was also high from previous estimates.
China's economy grew faster than expected 6.9 percent in the first quarter of the year to exceed the government's target for the whole year of 6.5 percent.
Despite improved growth outlook recommended IMF reforms China to accelerate the transition to a more sustainable growth pattern of monetary policy to facilitate less. Finished / 25
http://www.almaalomah.com/2017/06/14/167172/
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