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US Growth Seen Outpacing China’s for First Time Since 1976

  • Bloomberg Economics sees China slowing to 2% on Covid curbs
  • Such a growth rate would be weakest since Cultural Revolution
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WATCH: Economists have started cutting their forecasts for China’s full-year growth.Source: Bloomberg

China’s coronavirus lockdowns mean its economic growth may undershoot the US for the first time since 1976, in a role reversal with potential political reverberations in both Beijing and Washington.

The world’s second-largest economy will grow just 2% this year, Bloomberg Economics wrote in a report Thursday. By comparison, US gross domestic product will increase 2.8% this year, Bloomberg Economics predicts.