Last week, the International Monetary Fund (IMF) projected China’s economy to expand by 4.6% in 2025, up from its previous growth forecast of 4.5%. Notably, the IMF cited ‘elevated trade policy uncertainty’ as a contributory factor to weak demand, affecting China’s growth outlook.
The IMF’s outlook and concerns about trade policy uncertainty underscored the importance of more stimulus targeting consumption.
However, China’s Q4 2024 GDP numbers raised uncertainties about whether Beijing will roll out more stimulus measures. Natixis Asia Pacific Chief Economist Alicia Garcia Herrero reacted to the data, saying:
“China’s 2024 GDP growth exactly on target (5.0028%!!). What…
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