China’s GDP growth likely to reach 5.5% – 6% this year – Citic Securities
MACRO VIEWS & ANALYSIS
China’s GDP growth likely to reach 5.5% – 6% this year – Citic Securities
MACRO VIEWS & ANALYSIS

China’s GDP growth likely to reach 5.5% – 6% this year – Citic Securities

 

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China’s GDP growth is expected to exceed 5% this year, likely to reach 5.5% – 6%, as the “triple pressure” of shrinking demand, supply shocks and weakening expectations eases, Citic Securities said in a research note. 

As China is expected to further step up macroeconomic policy in the second half of the year, coupled with spontaneous repair of economic endogenous energy, China’s economy is expected to rebound again by the end of this year, it said.

The economic growth momentum may experience a U-shaped recovery, with low inflation, increased risk of recession overseas, increased financial risks and the transition in the US Federal Reserve’s monetary policy, which creates room for interest rate cuts, it said.