BOFIT Forecast for China 2016–2018 / 2

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Title: BOFIT Forecast for China 2016–2018 / 2
Organization: Bank of Finland
Department / Unit: Institute for Economies in Transition (BOFIT)
Series: BOFIT Forecast for China
Series number: 2/2016
Year of publication: 2016
Publication date: 29.9.2016
Pages: 6
Subject (yso): taloudelliset ennusteet; taloudellinen kehitys; bruttokansantuote
Keywords: Bofit-kokoelma; Kiina; China; ennusteet; taloudelliset katsaukset; talouskasvu
Other keywords: China; forecast; economic development
Abstract: ​Growth of the Chinese economy this year has slightly exceeded our expectations, largely due to the government’s stimulus policies. We now expect GDP to grow about 6.5 % p.a. this year. However, China’s growth outlook has not changed. We project growth to slow to 6 % in 2017 and 5 % in 2018, and consider the slowdown as a natural aspect of the China’s economic development. As structural adjustments proceed, the role of consumer demand and services in the economy will become more pronounced. Concerns over economic development have increased, and the possibility of a rapid deceleration in growth during the forecast period cannot be ruled out.
Note: Published also in Finnish by the name BOFIT Kiina-ennuste

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