China Financial Daily

IMF forecast 2009 China economy growth and world economy growth
International Monetary Fund (IMF) on January 28 forecasted that 2009 economic growth rate would be 0.5%, which would be much lower than the forecast in November last year and would significantly reduce to the lowest post-war world economic growth.

At the same time, the Organization has forecasted that 2009 China’s economy would grow 6.7% and recover to 8.0 percent growth in 2010.

In addition, the Organization has forecasted economic growth for developed countries would be -2.0%, which is much more pessimistic than the previous forecast -1.7%. Among which, the United States would be -1.6%, Japan -2.6%, UK -2.8%.

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