logisticsdigest.com - IMF upwardly revises China's 2010 GDP growth to 10.5%

IMF upwardly revises China's 2010 GDP growth to 10.5%

13 Jul 10 , China Knowledge

The International Monetary Fund revised China's GDP growth forecast in 2010 from the earlier 10% to 10.5%, up 0.5 percentage point, the China Daily reported, citing IMF latest data released on8 July.

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IMF revised China's GDP growth in 2011 to 9.6%, down 0.3 percentage point from the previous estimation released in April.

With the revised figures, China still ranks the top in terms of GDP growth among all economies, followed by India, which may grow 9.4% in 2010 and 8.4% in 2011.

In the meanwhile, IMF also lifts the forecast of the global GDP growth to 4.6% from previous forecast of 4.2%, and the growth of 2011 is expected to hit 4.3%.

According to IMF, in the new round of global financial fluctuations, the economic downward trend is obvious. Any new forecast made must depend more on the rebuilding of confidence and a stable implementation of economic policies, especially on the euro situations.

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