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ICYMI - Nomura has lopped its 2023 China GDP forecast to 5.5% from 5.9% - "losing steam"

Data from China is less encouraging that expected. Data from earlier in the week:ForexLive Asia-Pacific FX news wrap: China economic activity data miss expectationsAnd responses:Fund manager survey: more than half have "a structural de-rating view for China equities"MUFG on the weaker data from China weighing on AUDNow analysts at Nomura have cut their forecast for China's 2023 gross domestic product (GDP) growth to 5.5% from 5.9% previously.lowered its forecast for Q2 GDP growth to 7.8%y/y from... Read More

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Icymi

Nomura

Lopped

2023

China

Forecast

From

losing

Steam

Forex

Posted: May 17 2023, 20:42

Author Name: forexlive

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