China Deflation Rate 2024 Forecast. We now expect that the region’s economy will slow less than we previously projected as inflation pressures continue to dissipate. China’s gdp will grow by 5.3% in real terms in 2023 and 4.7% in 2024.
This was the 8th month of consumer inflation but was the lowest print since june, highlighting the need for more policy support from beijing to address growing. Retails sales are now estimated to increase 5.5 per cent in 2024, versus 5.7 per cent.