0744 GMT - China's stimulus push since September ought to help the economy grow 5.0% in 2024 and 2025, DBS economists say. Exports will likely be a bright spot as global demand holds up, but new U.S. tariffs could shave up to 1 percentage point off GDP growth, Mo Ji and other economists say. Consumption will stay lackluster amid falling property prices and rising unemployment, they add. Risks center on the property market, where DBS thinks strong stimulus on both demand and supply--like inventory destocking--can aid stability. The central government's fiscal expansion could help local governments' indebtedness, while more rate cuts could lift credit demand. Faced with weak demand and the risk of a trade war, China needs wide-ranging support measures. That said, it's not just about forceful stimulus, but effective execution, DBS says.(fabiana.negrinochoa@wsj.com)
(END) Dow Jones Newswires
November 12, 2024 02:44 ET (07:44 GMT)
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