China’s economy is headed for slower growth, IMF says

NEW YORK — China’s economic growth was in line with the country’s roughly 5% goal last year but will lose steam in 2024 and beyond, dropping as low as 3.4% in 2028, according to an International Monetary Fund report published Friday.

Real gross domestic product growth for Asia’s largest economy will slow to 4.6% in 2024 from an estimated 5.4% last year, according to IMF forecasts.