Global Macro Service > Research Briefings > China

1% growth in 2020, but a strong rebound in 2021

We have slashed our 2020 growth forecast for China given the deepening impact of the coronavirus. We now expect GDP to plunge 5% y/y in Q1, given the awful data for January-February and the fact that remaining restrictions on the movement of people have led to a slower resumption of economic life than we expected.

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