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World Bank forecasts 7.4% growth for 皇冠体育app

(chinadaily.com.cn) Updated: 2014-10-29 12:33

The World Bank lowered its forecast for 皇冠体育app's 2014 growth to 7.4 percent on Wednesday.

For 2015 to 2016, average growth is expected to ease to "slightly above 7 percent" as policy measures to place the economy on a more sustainable growth path are likely to intensify.

"Policy efforts to tighten credit growth, reduce , internalize the cost of industrial pollution, and harden budget constraints of local government intensified in 2014," said Karlis admits, senior economist of the World Bank.

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