World Bank Cuts China’s Growth Outlook and Flags East Asia’s Slowest Expansion in Five Decades
The World Bank has made significant downward revisions to China’s growth outlook for 2024, reflecting concerns raised by a series of weak economic indicators. This adjustment, from the previously projected 4.8% in April to the current 4.4%, underscores mounting apprehensions regarding China’s economic slowdown and its potential ripple effects across Asia. China’s economy faces notable […]