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.