China’s 2019 Growth Seen Slowing to 6.2% as Trade War Weighs – Reuters Poll



Lusha Zhang and Kevin Yao | Reuters

BEIJING (Reuters) – China’s economic growth is expected to slow to a near 30-year low of 6.2% this year, a Reuters poll showed on Wednesday, despite a flurry of support measures to spur domestic demand amid a bruising trade war with the United States.

The median forecast was unchanged from the last poll in April.

But a stream of downbeat data in recent months and higher U.S. tariffs have fanned expectations that Beijing will need to roll out more stimulus soon to ward off a sharper slowdown that could stoke job losses.

Second-quarter growth was seen cooling to 6.2% from a year earlier, the same as in the previous poll, from 6.4% in the first quarter. China will post its second-quarter gross domestic product (GDP) on July 15.

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