The International Monetary Fund on Tuesday slashed this year’s economic growth forecast for Asia and warned that a fresh wave of COVID-19 infections, supply chain disruptions, and inflation pressures pose downside risks to the outlook.
China’s economy will grow by 8.0 percent this year and 5.6 percent in 2022, but the recovery remains “unbalanced” as repeated coronavirus outbreaks and fiscal tightening weigh on consumption, it said.
