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MNI: China’s Q2 GDP Growth Pace May Disappoint On Covid Hit

MNI (Singapore)

There is a wide spread of estimates for economic performance from April through June.

True

The Chinese economy likely expanded less than 1% in Q2, slower than expected as the initial economic rebound starting in June may not be robust enough to offset the damage of Covid lockdowns during April and May, according to analysts.

China will unveil its Q2 GDP and a set of June economic indicators on Friday, which will give clues on how fast the economy emerged from the bottom as restrictions were eased. Economists polled by Bloomberg predict GDP accelerated 1.2% y/y in Q2, down from Q1’s 4.8%.

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The Chinese economy likely expanded less than 1% in Q2, slower than expected as the initial economic rebound starting in June may not be robust enough to offset the damage of Covid lockdowns during April and May, according to analysts.

China will unveil its Q2 GDP and a set of June economic indicators on Friday, which will give clues on how fast the economy emerged from the bottom as restrictions were eased. Economists polled by Bloomberg predict GDP accelerated 1.2% y/y in Q2, down from Q1’s 4.8%.

Keep reading...Show less