Global Growth
NBA targets October 2027 launch for new European league
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The NBA is aiming for an October 2027 debut of a new 16-team European basketball league, as revealed by league officials. The plan includes 12 permanent franchises in major cities across Europe, with four more qualifying through competitions. Discussions with investors and potential partners are advancing rapidly.
The International Monetary Fund has raised its 2026 growth projection for China to 4.5 percent, up 0.3 percentage points from its October forecast, due to eased trade tensions and sustained domestic policy support. China's 2025 growth forecast was also revised upward by 0.2 percentage points to 5 percent. The changes reflect stimulus measures and additional policy bank lending for investment.