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China’s 2018 GDP grows 6.6 pct

ITN News Editor
By ITN News Editor January 21, 2019 13:36

China’s 2018 GDP grows 6.6 pct

China’s economy continued to slow in the last quarter of 2018, official figures showed, stoking fears about the impact on the global economy. In the three months to December, the economy grew 6.4% from a year earlier, down from 6.5% in the previous quarter. For the full year China expanded at 6.6%, its slowest rate since 1990. The data was in line with forecasts but underlines recent concern about weakening growth in the world’s second largest economy. China’s rate of expansion has raised worries about the potential knock-on effect on the global economy. The trade war with the US has added to the gloomy outlook. The official figures showed the weakest quarterly growth rate since the global financial crisis.

ITN News Editor
By ITN News Editor January 21, 2019 13:36

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