IMF Cuts GDP Forecast for China to 8.0% From 8.4%

Helge Berger, head of the International Monetary Fund’s China mission, discusses the outlook for the world’s second-largest economy and policies. The fund cut its growth forecast for China to 8% from 8.4% for this year to reflect ongoing outbreaks of the virus, fiscal policy tightening and stresses in the property sector. Berger speaks on “Bloomberg Daybreak: Asia.” (Source: Bloomberg)