Key facts
- Citigroup forecasts China's GDP growth to be 4.6% for the current year.
- Citigroup projects China's GDP growth to slow to 4.1% by 2027.
- Factors contributing to the slowdown include slowing exports, weak consumer confidence, and a protracted property slump.
Citigroup Inc. has forecast that China's actual GDP growth will be 4.6% for the current year, before sliding to 4.1% in 2027. The firm anticipates that China will face an uphill battle to maintain even a 4% growth rate next year due to slowing exports, weak consumer confidence, and a protracted property slump.
The projection underscores the growing pressure on Chinese policymakers to deploy large-scale stimulus measures, potentially echoing the sweeping actions introduced in September 2024, to ensure the country remains on track for its long-term development goals.