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IMF Downgrades China’s Economic Growth Forecast Over Trade Tensions

Ongoing trade tensions with no resolution in sight have forced the IMF to revise China’s economic growth forecast for 2019. IMF has cut back China’s forecast for this year from 6.3% to 6.2%.

It has also cut down next year’s growth forecast from 6.1% to 6.0%. Surprisingly, only two months ago, the IMF had revised the growth estimates higher, over optimism that US and China were close to finalizing a trade deal.

According to IMF Deputy Managing Director David Lipton, “The near-term outlook remains particularly uncertain given the potential for further escalation of trade tensions.”

On the bright side, however, the IMF believes that the stimulus measures undertaken by the Chinese government are sufficient to stabilize growth in 2019 and 2020. If there are no additional tariff hikes announced, no additional policy easing measures would be needed to maintain growth.

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Arslan Butt
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Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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