China GDP to grow 6.5% in 2018 – Bloomberg survey

According to the latest Bloomberg China economic survey conducted for the month of April, the country’s GDP is seen expanding 6.5% this year.

Key Findings:

GDP to grow 6.5% (2018), 6.3% (2019), 6.1% (2020).

10% chance of recession in next year.

GDP forecast (QoQ): Q2 unchanged at 1.5%; Q3 at 1.5% vs 1.6% pvs. Survey.

CPI forecast 2018 & 2019 unchanged 2.3% YoY.

PBoC lending rate at end-2018 to be 4.35%.