China’s economic slowdown has raised concerns among global leaders and economists. Recent data suggests a decline in growth rates, leading to discussions on its impact on the global economy.
A recent Reuters poll conducted among analysts predicts China’s economy to grow by 5.0% this year, slightly lower than previous forecasts. The struggling property market is causing downward revisions in growth forecasts, posing risks to both domestic and global economies. The Chinese economy’s retreat into deflation has raised worries about soft consumption, a weakening currency, and excessive local government debt. Thailand has been cautioned about the impact of China’s slowdown on its economy.
