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ICYMI - Nomura slashes its forecast for China's 2023 GDP growth to 5.1% from 5.5%

Nomura note issued Friday, says the firm has cut its forecast for China's 2023 GDP growth to 5.1% from 5.5%:in view of the worsening downward spiral of major activity data and Beijing's tepid response to date, we lower our GDP growth and inflation forecastsexpect China to introduce a raft of supportive measures to follow the rate cutsThe cut comes as China's economic growth has faltered, losing steam after an initial bounce out of COVID. This article was written by Eamonn Sherid... Read More

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Posted: Jun 18 2023, 21:58

Author Name: forexlive

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