News: 2024.12.27
The World Bank on Thursday raised its forecast for China's economic growth in 2024 and 2025, boosting optimism about China's economic growth and oil demand, but it said low household and business confidence will continue to hurt next year.
China's economic recovery is expected to deepen, which has brought expectations for crude oil demand, and oil prices are expected to strengthen slightly this week. As the World Bank's forecast for China's economic growth improves, the market is confident in the future development of the Chinese economy.
The World Bank has increased its economic growth forecast for China in 2024 and 2025, indicating that the pace of China's economic recovery will accelerate. This good news has also boosted expectations for oil demand, and the market is optimistic about the trend of oil prices.
Although the World Bank has raised its forecast for China's economic growth, it also noted that low household and business confidence will continue to be affected next year. This may bring certain challenges to China's economic recovery, which requires further observation and response.
As China's economic recovery is expected to deepen, market expectations for crude oil demand are also increasing. This will have a supporting effect on oil prices, which are expected to strengthen slightly this week. Investors should pay close attention to market dynamics and adjust investment strategies in a timely manner.