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BoA has cut its forecast for European economc growth, citing slower China economy

BoA has cut its forecast for European economc growth, citing slower China economy
I posted yesterday on Bank of America jumping on the less enthusiastic China economy train, analysts at BoA joining plenty of others in announcing downgrades:Bank of America lowered their 2023 China GDP forecast to 5.1% from 5.7% previouslyBoA analysts cited soft data from China during the second quarter of this year for the cut. And also say that a slower China will eat into Euro area growth due to the exposure to China. BoA cut their Euro area GDP forecast for 2023 to 0.3% from the previous 0... Read More
Posted: Jul 20 2023, 21:33
Author Name: forexlive
Views: 102126

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