Morgan Stanley lowers China's growth forecast for this year to 4.7%

April 8, 2026

Morgan Stanley cuts China’s growth forecast for this year to 4.7%

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Morgan Stanley slightly reduced its forecast for China’s economic growth this year, lowering it from the previous estimate of 4.8% to 4.7%. This reflects that, under the baseline scenario, higher oil prices will have an impact, and it assumes that oil prices will stay at around $110 per barrel in the second quarter, before then falling back. Oil prices expected to stay above $110 this quarter A report written by Morgan Stanley said that amid a high level of geopolitical uncertainty, and with ongoing conflict in the Middle East, even if the Strait of Hormuz reopens, supply will be affected by …

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