Economics

IMF Cuts China Growth Forecast, Citing Trade War Risks

IMF China Mission Chief Kenneth Kang talks about the economy, the government’s policies, and the trade dispute.(Source: Bloomberg)

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By Bloomberg News

June 5, 2019 at 7:33 AM UTC

This article is for subscribers only.

The International Monetary Fund trimmed its forecasts for economic growth in China, and said the trade war with the U.S. is tilting the balance of risks to the downside.

The world’s second-largest economy is forecast to expand by 6.2% this year and 6.0% in 2020, a 10th of a percentage point down from the previous estimate in both cases, the fund said at a briefing in Beijing Wednesday.