China’s Q4 GDP growth seen hitting 1-1/2-year low, raising heat on policymakers
BEIJING (Reuters) – China’s economy likely grew at the slowest pace in 1-1/2 years in the fourth quarter, dragged by weaker demand due to a property downturn, curbs on debt and strict COVID-19 measures, raising heat on policymakers to roll out more easing steps.
Data on Monday is expected to show gross domestic product (GDP) grew 3.6% in October-December from a year earlier – the weakest pace since the second quarter of 2020 and slowing from 4.9% in the third quarter, a Reuters poll showed.
On a quarterly basis, growth is forecast to rise to 1.1% in the fourth quarter from 0.2% in July-September.
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