BEIJING, March 18 (Reuters) - Following are the main economic forecasts for China in 2009 that the World Bank released on Wednesday, alongside projections it gave in its previous update in November.
2009 Forecast Actual
Nov 2008 Mar 2009 2008 ------------------------------------------------------------ Real GDP growth (pct change) 7.5 6.5 9.0 Consumption 8.6 7.8 8.0 Gross Capital Formation 8.6 7.7 8.8 Exports 3.5 -6.0 7.8 Imports 6.5 -4.0 3.6 CPI increase (pct change) 2.0 0.5 5.9 Fiscal balance (pct of GDP) -2.6 -3.2 -0.4 Current account balance ($ bln) 427.0 425.0 416 As share of GDP (pct) 8.9 8.8 9.6 Change in reserves (US$ bln) 502.0 425.0 420 M2 growth (pct change) 15.0 17.0 17.8 ------------------------------------------------------------ Note: GDP forecast is production-based; GDP components are expenditure-based (Reporting by Lan Wang; Editing by Alan Wheatley)