March 18, 2020 / 11:10 AM / 19 days ago

Analysts slash China growth forecasts to record lows amid coronavirus

A man cycles under the Guomao Bridge in Beijing, China January 17, 2020. REUTERS/Jason Lee

BEIJING (Reuters) - Analysts are slashing their growth forecasts for China to lows not seen since the Cultural Revolution ended in 1976, as the coronavirus pandemic takes its toll on the world’s second largest economy.

Most analysts now expect negative growth in the first quarter, with projections dropping sharply after dismal activity data for the January and February period was released Monday.

Most full year GDP forecasts are also now well below last year’s growth of 6.1%.

Reporting by Gabriel Crossley; Editing by Alex Richardson

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below