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ICYMI - Morgan Stanley cut its China 2023 and 2024 growth forecasts

Morgan Stanley slashed its China 2023 economic growth forecast to 5.0% from 5.7% previouslyand for 2024 to 4.5% from 4.9% previouslyThe change came after the weak data from China on Monday:China Q2 GDP +0.8% q/q (expected 0.5%)China June: Retail sales +3.1% y/y (expected 3.2%) Industrial output +4.4% y/y (exp 2.7%)Morgan Stanley said the GDP report was weakChina's government is being slow to provide stimulus“Market scepticism on China’s growth outlook is on the rise”Justin posted on a similar d... Read More

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China

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2024

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Posted: Jul 17 2023, 20:31

Author Name: forexlive

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