China Gdp 2024 Forecast. Global growth is projected to stay at 3.1 percent in 2024 and rise to 3.2 percent in 2025. We forecast that real gdp growth will reach 4.7% in 2024 before decelerating further.
The chinese government set a gdp growth target of around 5% for 2024, unchanged from 2023, and compared to a 5.2% growth during the year, premier li qiang announced at the national. More fiscal expansion (after holding back in 2023) and a greater focus on policy effectiveness means our growth forecast of 4.3% real gdp growth is achievable (see chart).