Sharjah 24 – AFP: China's economic growth is expected to have slowed further in the third quarter, according to an AFP poll of analysts, with a mounting energy crisis and property market tremors casting a pall as the country's post-Covid recovery lost steam.
While the world's number-two economy bounced back quickly from the coronavirus outbreak last year, with gross domestic product growth returning to pre-pandemic levels, economists say further slowdown is "inevitable".
Growth is forecast to come in at 5.0 percent on-year for July-September by the 12 analysts polled by AFP, representing a sharp slowdown from the 7.9 percent clocked in the previous three months.
They also downgraded their full-year growth expectations to 8.1 percent, from the 8.5 percent predicted in a July poll. Official figures will be released on Monday.
Analysts said China's growth slowdown mainly stems from policy tightening this year in key areas including the property sector and a drive to cut emissions.
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