IMF cuts China's 2019 GDP forecast to 6.2% vs. 6.3% previous

Dhwani Mehta FXStreet

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.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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