A new United Nations report forecasts a slowdown in global economic growth, with China's expansion projected to moderate in the coming years.
Shoppers in Shanghai: Economic growth in China was estimated at 4.9 per cent for 2024 and projected to be 4.8 per cent this year, according to a United Nations report. The report said US growth was expected to moderate from 2.8 per cent last year to 1.9 per cent in 2025 as the labour market softens and consumer spending slows. It said growth in China was estimated at 4.9 per cent for 2024 and projected to be 4.
8 per cent this year, with public sector investments and a strong export performance partly offset by subdued consumption growth and lingering property sector weakness
ECONOMY CHINA GROWTH UN FORECAST
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