It came sooner than expected. In May, China agreed to a trade ceasefire with the U.S. and will now face an average U.S. tariff of 51% instead of 127%. As can be seen below, that’s already leading economists to redraw their forecasts for the Chinese economy.
As we outlined in last month’s newsletter, agility is now more important than ever when it comes to forecasting the world economy. Economists need to be both quick and accurate.
In line with this, we recently began offering Daily Updates to our Consensus Forecasts. Available via our data platform, they track the latest market projections for 198 economies and 39 commodities every day. Our panelists including leading banks such as ING, JPMorgan and Goldman Sachs, and top research institutions like the Economist Intelligence Unit and Oxford Economics.
