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Economists Cut China Growth Forecasts as Lockdowns Hit Economy

  • StanChart downgrades 2022 GDP growth to 4.1% after poor data
  • Growth could fall to just 2% for the year: Bloomberg Economics
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WATCH: Bloomberg Economics’ Chang Shu explains why her team cut China’s growth forecast to just 2% from 3.6%. Source: Bloomberg

A slew of economists have cut their forecasts for China’s full-year economic growth in recent days after the country reported worse-than-expected data for April while still signaling that its tough anti-Covid curbs aren’t going anywhere.

Standard Chartered Plc and Bloomberg Economics each downgraded their estimates for 2022 on Thursday, after Goldman Sachs Group Inc. and Citigroup Inc. did so earlier in the week.