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IMF lowers China 2012 GDP growth forecast to 8.25%

Feb. 7, 2012 (China Knowledge) - The International Monetary Fund downwardly revised its forecast of China's growth in gross domestic product to 8.25% from the 9.05% it expected in September last year, according to a report released by the fund yesterday.

The IMF said that the China's investment is expected to grow 9.4% this year and its domestic consumption to rise about 9.6%.

China will see further weakness in its export sector, according to the report.

The fund also said that the country's inflation has peaked and would ease further in the following months. China's consumer price index is expected to rise about 3.25% this year, down from 5.4% in 2011.

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