News Snapshot:
The IMF on Tuesday increased China’s growth projection to 8.4 percent for this year, as effective COVID-19 containment measures boost the economy’s strong recovery. In its latest issue of the World Economic Outlook, the IMF put China’s 2021 growth at 8.4 percent, up 0.3 percentage points from its January forecast. Its projection for China’s economic expansion for 2022 remains unchanged at 5.6 percent. The upward revision came amid an ascending trend as global growth was projected at 6 percent this year, up from the fund’s January estimate of 5.5 percent. The US economy was predicted to grow by 6.4 percent...
