Our downbeat growth forecasts are largely based on expectations for a deepening downturn in construction and industry. But a worsening COVID-19 outbreak means the biggest near-term threat could be a renewed slump in services activity. And while there is a grain of truth in talk of food shortages in China, the big picture is that the country is not suffering from as much supply-side pressure on consumer prices as elsewhere.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services