BBG Survey: Economists see faster China growth, moderate consumer inflation

According to the latest Bloomberg survey, a majority of the economists polled upgraded their forecasts for China’s economic growth this year, while projecting that the consumer inflation will continue to moderate.

Key Points:

Bloomberg survey conducted from April 18 to 25, and compared with forecasts in the March poll. 

“Growth in the world’s second-largest economy unexpectedly picked up to 6.9 percent in the first quarter, clocking its first back-to-back acceleration in seven years

Economists cut forecasts for consumer price index gains, which they expect to average 1.6 percent this quarter, down from an earlier estimate of 2 percent. They lowered full-year CPI estimates to 2 percent from 2.2 percent in the previous survey.

Forecasts for the producer price index edged down to 6.7 percent for this quarter from 6.8 percent in the last poll, as analysts see a gradual easing of that pace in the coming year.”