Analysis of the Economic Situation in the First Half of 2024 and Outlook for the Second Half of the Year
The economy achieved 5.0%growth in the first half of 2024,and the overall economic operation was stable under various challenges such as the complex external environment and the continuous deepening of domestic structural adjustment.Based on the analytical framework of production,demand,income and price,this paper analyzes the economic operation in the first half of the year by using statistical indicators and statistics,and summarizes the main features of the economic operation in the first half of the year:on the production side,the secondary industry maintains a relatively fast growth,and its contribution to the economic growth rebounds significantly;the growth rate of the tertiary industry slows down,but the modern service industry has maintained rapid growth.On the demand side,consumer demand played a major pulling role in economic growth;the pulling role of investment demand improved;net export demand continued to contribute to economic growth,and the structure of exports of goods continued to be optimized.On the income side,residents'income maintained steady growth,with the growth rate falling;corporate profits maintained steady growth.On the price side,prices in the consumer sector rose at a lower rate,and the rate of price decline in the production sector continued to narrow.This paper also analyzes the challenges and support points for economic growth in the second half of the year,looks forward to the economic development in the second half of the year,and puts forward policy focus points for the second half of the year.
Characteristics of Economic PerformanceChallengesUnderpinningsEconomic Outlook