Rabobank cuts China’s 2026 GDP forecast to 4.5%
Rabobank strategists have revised down China’s growth outlook due to the US and Israel’s war against Iran.
The war has led to higher oil and gas prices, resulting in global cost-push inflation.
China’s economy is expected to be affected via lower exports and domestic consumption, with higher inflation and unemployment forecast at 0.7% and 5.4% in 2026.