Reported 1 day ago
UBS has issued the bleakest growth forecast for China in 2025, estimating an expansion of only 3.4% due to US tariffs impacting exports. This downgrade, which is lower than previous projections, aligns with other global banks that have also cut their outlooks. Economists predict that unless tariffs are adjusted, China's GDP growth could be significantly hindered, prompting the Chinese government to consider fiscal stimulus to counteract the effects.
Source: YAHOO