Emerging Asia to expand 5.2 in 2024 vs 5.4 in 2023 IMF
IMF39;s Asia forecast for 2024 revised up by 0.4 point vs Oct
IMF revises up China39;s 2024 growth projection to 4.6
Japan39;s growth to slow to 0.9 in 2024 vs 1.9 last year

TOKYO, Jan 30 Reuters The International Monetary Fund IMF on Tuesday projected emerging Asian economies would expand 5.2 this year, slowing from 2023 but revised up from its forecast three months ago on strongerthanexpected growth in China.

The region39;s growth forecast for 2024, which compared with a 5.4 expansion last year, was upgraded 0.4 percentage point from October. In 2025, emerging and developing Asia is expected to grow 4.8, the IMF said in its upgraded World Economic Outlook.

China39;s growth estimate for this year was revised up by 0.4 percentage point to 4.6 on increased government spending, though it was still slower than last year39;s 5.2 expansion.

The IMF said China39;s economy could recover faster than expected if Beijing makes additional propertysector reforms, such as restructuring insolvent property developers, or spends more than anticipated to boost consumer confidence.

But it also warned of the risk that China39;s growth could underwhelm expectations if authorities resort to unintended fiscal tightening that could hurt consumption.

Absent a comprehensive restructuring policy package for the troubled property sector, real estate investment could drop more than expected, and for longer, with negative implications…