Economics

Economists Cut China GDP Estimates as Trade War Trumps Stimulus

Forecasters see further growth slowdown over next two quarters
Consumer inflation expected to be a bit higher in 2018, 2019

Sources say the U.S. is preparing to slap tariffs on all remaining China imports if talks fail. Mike McKee reports.(Source: Bloomberg)

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By Bloomberg News

October 30, 2018 at 3:22 AM UTC

This article is for subscribers only.

Forecasters reduced estimates for Chinese economic growth over the coming quarters as recent government measures to counter an escalating trade war with the U.S. were seen as inadequate.

Gross domestic product will probably increase by 6.4 percent on a year-over-year basis in the final quarter of 2018 before growth decelerates to 6.3 percent in the first quarter of 2019, according to 65 economists surveyed by Bloomberg. Those forecasts, collected Oct. 22-29, were marked down from the estimates of 6.5 percent and 6.4 percent, respectively, collected in September’s survey.