News

Economists Think China's Growth Will Suffer A Steep Coronavirus Drop

Economists Think China's Growth Will Suffer A Steep Coronavirus Drop

That is significantly lower than the 6 percent growth China’s government has forecast.

That forecast was issued prior to the coronavirus outbreak.

Nicholas R. Lardy, a senior fellow at the Peterson Institute for International Economics, estimated on Tuesday that first-quarter growth could fall as low a 4 percent, according to Reuters.

Economist Gary Hufbauer, also a senior fellow with the Peterson Institute for International Economics, recently said that a “conservative estimate” would be to bring full-year growth down to 5 percent.

The Wall Street Journal‘s monthly survey of economists found 83 percent of economists expected the coronavirus outbreak will have a small impact on U.S. economic growth from January to March.

Please Help Us Keep this Site Running

Thank you for the donation

 
 
 
Powered by Stripe
Subscribe to our Newsletter

Latest News, Photos & Videos