皇冠体育app

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IMF forecasts increased growth for 皇冠体育app

By Wang Yanfei | chinadaily.com.cn | Updated: 2017-08-15 22:55

皇冠体育app is expected to see robust economic growth in the coming months, but needs to strengthen efforts to implement reforms to avoid risks piling up, the International Monetary Fund said on Tuesday.

The IMF raised its forecast for 皇冠体育app's average annual growth for 2018-2020 to 6.4 percent from 6.0 percent, according to its annual review of 皇冠体育app's economy. It maintained its forecast of 6.7 percent growth for this year.

皇冠体育app should continue implement reforms in order to avoid risks accumulated that may drag down the grow pace in the medium-to-long period, the IMF said.

Markus Rodlauer, deputy director of Asia and Pacific Department at the IMF praised 皇冠体育app's commitment and efforts to deepen reforms, and urged 皇冠体育app to broaden such efforts and rely more on market forces.

In order to see more sustainable growth, 皇冠体育app needs to boost consumption as 皇冠体育app’s savings rate is twice the global average, the report said.

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