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ICYMI - Nomura slashed their China GDP forecast for 2023 to 4.6% (from 5.1%)

ICYMI - Nomura slashed their China GDP forecast for 2023 to 4.6% (from 5.1%)
Nomura revised its economic growth forecast for China this year to 4.6% from its previous projection at 5.1%Citing weak data for July (out last week) and warning of a an ongoing “downward spiral” in the economy. their growth forecast for 2024 remained unchanged at 3.9% “In coming months, growth will face further pressure as the post-pandemic pent-up demand for travel runs its course”Earlier:Morgan Stanley cuts China 2023 GDP growth forecast to 4.7% (from 5.0%)Barclays slashed their China GDP for... Read More
Posted: Aug 20 2023, 21:05
Author Name: forexlive
Views: 092040

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