Moody’s: Lowered our China growth forecast to 5.2% for 2020 vs. 5.8% previous

Key Points:

Growth to slow across Asia pacific as coronavirus weakens demand and disrupts supply chains.

Lowered our China growth forecast to 5.2% for 2020 from 5.8% previously, reflecting a severe but short-lived economic impact.

Lower Chinese import demand is the primary reason for slowing growth.

Intra-regional trade amplifies impact of lower Chinese growth.