The ASEAN+3 Macroeconomic Research Office (AMRO) anticipates China’s economy to expand by 5.3% this year, bolstered by the stabilizing property sector and improving external demand.
What Happened: AMRO, based in Singapore, suggests that a gradual recovery in China’s property market, backed by ongoing policy measures, will boost real estate investment and have positive ripple effects on the rest of the region. This forecast was first reported by Bloomberg on Monday.
This growth projection aligns with China’s official target of around 5%, a target deemed ambitious and requiring further governmental support. Despite the economic activity uptick at the start of 2024, the economy still faces numerous challenges.
See Also: TSMC Suspends Chip Production After Taiwan Rocked By Strongest Tremor In 25 Years
AMRO’s chief economist, Hoe Ee Khor, stated, “China will continue to be a powerhouse in the region and the main driver of growth.” He also acknowledged the real estate sector’s weakness, saying it “will take a bit …
Full story available on Benzinga.com
The ASEAN+3 Macroeconomic Research Office (AMRO) anticipates China’s economy to expand by 5.3% this year, bolstered by the stabilizing property sector and improving external demand.
What Happened: AMRO, based in Singapore, suggests that a gradual recovery in China’s property market, backed by ongoing policy measures, will boost real estate investment and have positive ripple effects on the rest of the region. This forecast was first reported by Bloomberg on Monday.
This growth projection aligns with China’s official target of around 5%, a target deemed ambitious and requiring further governmental support. Despite the economic activity uptick at the start of 2024, the economy still faces numerous challenges.
See Also: TSMC Suspends Chip Production After Taiwan Rocked By Strongest Tremor In 25 Years
AMRO’s chief economist, Hoe Ee Khor, stated, “China will continue to be a powerhouse in the region and the main driver of growth.” He also acknowledged the real estate sector’s weakness, saying it “will take a bit …
Full story available on Benzinga.com
The ASEAN+3 Macroeconomic Research Office (AMRO) anticipates China’s economy to expand by 5.3% this year, bolstered by the stabilizing property sector and improving external demand.
What Happened: AMRO, based in Singapore, suggests that a gradual recovery in China’s property market, backed by ongoing policy measures, will boost real estate investment and have positive ripple effects on the rest of the region. This forecast was first reported by Bloomberg on Monday.
This growth projection aligns with China’s official target of around 5%, a target deemed ambitious and requiring further governmental support. Despite the economic activity uptick at the start of 2024, the economy still faces numerous challenges.
See Also: TSMC Suspends Chip Production After Taiwan Rocked By Strongest Tremor In 25 Years
AMRO’s chief economist, Hoe Ee Khor, stated, “China will continue to be a powerhouse in the region and the main driver of growth.” He also acknowledged the real estate sector’s weakness, saying it “will take a bit …Full story available on Benzinga.com Read MoreASEAN+3 Macroeconomic Research Office (, Asia, China, Kaustubh Bagalkote, Macro Economic Events, News, Global, Economics, News, Asia, Macro Economic Events, Global, Economics, Benzinga Asia
