China GDP growth to slow in Q2, raising stimulus expectations
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China's GDP growth is expected to slow in the second quarter, according to a Reuters poll. The data, due on July 15, is likely to show the economy expanding at a slower pace, fueling expectations for additional government stimulus.
Growth Forecasts
The Reuters poll of economists forecasts China's GDP to grow 5.1% year-on-year in the second quarter, down from 5.3% in the first quarter. The slowdown reflects weak consumer demand and a prolonged property market downturn. The data is scheduled for release on July 15.
Stimulus Expectations
Analysts expect Beijing to roll out more fiscal and monetary measures to support growth. The People's Bank of China has already cut interest rates twice this year. Further easing could include lower reserve requirement ratios or increased government bond issuance.
Late 2023 Growth Slowdown
China's economic growth slowed at the end of last year after a strong start. The pandemic, real estate troubles, and the lowest birthrate in decades were cited as causes.
What's Next
The GDP data will be released on July 15, with markets watching for any policy response. It remains unclear whether the slowdown will prompt immediate stimulus or if authorities will wait for more data.
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China GDP growth to slow in Q2, raising stimulus expectations
