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UBS have downgraded their China GDP forecast for 2022 but upgraded 2023

UBS have downgraded their China GDP forecast for 2022 but upgraded 2023

UBS forecasts for economic growth in China:

  • expects a weaker Q4 GDP for 2022 (UBS citing the rising number of COVID-19 cases), and for the full year expects +2.7% from 3.1% previously
  • upgraded 2023 outlook to 4.9%, from 4.5% previously (citing earlier & faster reopening)

From the note:

  • the Central Economic Work Conference will likely make stabilizing growth a priority, with supportive macro policies for 2023
  • expect that fiscal policy will st... Read More
Posted: Dec 19 2022, 04:30
Author Name: forexlive
Views: 111650

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