The International Monetary Fund (IMF) recently raised the global economic growth rate in 2024 to 3.1%, 0.2 percentage points higher than the 2.9% forecast in October last year. The stronger-than-expected economic growth of the two major economies of China and the United States has helped the IMF raise its global economic outlook for 2024.
The IMF believes that China's further reforms related to the real estate industry or the provision of fiscal support beyond expected scale may boost consumer confidence, expand private demand.