Economics
Top China Forecaster Sees GDP Growth Near Zero in Third Quarter
- Market Securities’ Barraud predicts 0.3% q-on-q growth
- China’s full-year GDP could drop below 8% on virus curbs
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China’s tough virus curbs mean economic activity in the third quarter could be close to flat compared with the previous three months, while full-year growth may fall below 8%, a top forecaster said.
“My view is that the Chinese economy should slow sharply in the third quarter, mainly due to the virus but also controls on property,” said Christophe Barraud, chief economist at Market Securities LLP. Barraud was Bloomberg’s top-ranked forecaster for the Chinese economy last year.