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Trading news
18 Feb 2020
Moody’s: Lowered our China growth forecast to 5.2% for 2020 vs. 5.8% previous
Key Points:
Growth to slow across Asia pacific as coronavirus weakens demand and disrupts supply chains.
Lowered our China growth forecast to 5.2% for 2020 from 5.8% previously, reflecting a severe but short-lived economic impact.
Lower Chinese import demand is the primary reason for slowing growth.
Intra-regional trade amplifies impact of lower Chinese growth.