0259 GMT - China's economic growth will likely slow in 2025 despite supportive measures, Moody's Ratings analysts say in a research note. Moody's projects China's 4Q GDP growth at around 4.5%, slowing to 4.2% in 2025 and further to 3.8% in 2026. While China's policy support measures may evolve in response potential trade restrictions, the extent to which the policies can mitigate the impact remains uncertain. "Economic uncertainty, low returns on financial savings and the hit to net worth from the property price correction in turn dampen consumer sentiment and demand," the analysts note. Without sufficient household-targeted stimulus, domestic consumption may remain a weak driver of growth, they add. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
November 21, 2024 21:59 ET (02:59 GMT)
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