IMF cuts China's 2019 GDP forecast to 6.2% vs. 6.3% previous
|The International Monetary Fund (IMF) is out with its latest outlook report on the Chinese economy, with the key highlights found below.
2020 GDP forecast seen at 6.0% from 6.1% previously.
China's stimulus is sufficient to stabilize growth in 2019-20.
But uncertainty around trade tensions remains high.
Some additional easing will be warranted if trade tensions escalate further.
Fiscal expansion could be used to help stabilise China's economy.
China FX flexibility should increase.
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