China's Q2 GDP Misses Forecasts, Keeps Stimulus Calls Alive

July 15, 2024, 09.55 AM
China's Q2 GDP Misses Forecasts, Keeps Stimulus Calls Alive

ILUSTRASI. China's economy slowed in the second quarter, data showed on Monday.

Source: ReutersEditor: Wahyu T.Rahmawati

CHINA - BEIJING. China's economy slowed in the second quarter, data showed on Monday, as a protracted property downturn and job insecurity weighed on domestic demand, keeping alive expectations Beijing will need to unleash more stimulus.

The world's second-largest economy grew 4.7% in April-June, official data showed, its slowest since the first quarter of 2023 and missing a 5.1% analysts' forecast in a Reuters poll. It was also down from the 5.3% expansion in the previous quarter.

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