China Watch – Growth forecasts down a bit on trade/tech conflict
PublicationMacro economy
Our base case regarding the trade conflict has become more conservative. As a result, our 2019-20 growth forecasts for China have been lowered a bit … although we expect more policy easing to soften the blow. Macro data for May mixed bag, but on balance not encouraging. Trade conflict key driver of weaker exports and imports growth. Our USD-CNY forecasts have been revised a bit.
