Analysis by Region - Asia Pacific

We've cut our GDP growth forecasts for China by 0.5pts to 4.1% in 2025 and by 0.2ppts to 3.9% in 2026 to reflect the effects of the trade war with the US. We expect peak economic drag from the exogenous demand shock of higher tariffs in Q2 and Q3 this year.


China: Downgrading growth despite (potentially) more stimulus
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Alternative long-run scenarios
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy

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