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Barclays slashed their China GDP forecast to 4.5% (prior 4.9%)

Barclays revised its projection for Chinese economic growth for this year to 4.5%, from 4.9%.For 2024 analysts at the bank project 4% GDP growthFor the current quarter, Q3 2023, Barclays expects GDP at 3.5%As for the People's Bank of China, the analysts expect an RRR cut of 25bp in the weeks ahead. Earlier:Morgan Stanley cuts China 2023 GDP growth forecast to 4.7% (from 5.0%)---The RRR is a policy tool the People's Bank of China has. The Reserve Requirement Ratio (RRR) is a central bank regulati... Read More

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Posted: Aug 17 2023, 23:03

Author Name: forexlive

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