China’s 2019 growth rate again cut by IMF as US trade war, Brexit leaves world economy in ‘precarious’ position

China’s economic growth rate will remain just inside the government's target range in 2019 despite the International Monetary Fund again downgrading their prediction, while warning the outlook for the world economy “remains precarious.”

The Washington-based International Monetary Fund (IMF) predicted in their latest report released on Tuesday that China’s growth will be 6.1 per cent in 2019 and 5.8 per cent in 2020.

Beijing has set a target range of between 6 to 6.5 per cent for 2019 with the mainland economy still weighed down by tariffs from the United States as well as sluggish domestic demand.