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UBS lowered its forecast for China’s 2023 economic growth to 5.2%, from 5.7% previously

The updated UBS forecasts for China GDP come via Bloomberg, gat5ed. UBS lowered its forecast for China’s gross domestic product growth this year to 5.2%their previous projection was 5.7%lowered their 2024 forecast to 5% from 5.2%Citing reasons including:“the weakening of property rebound, slowing momentum of consumption recovery, the falling of exports, and anemic industrial production” so far in Q2Analysts at the bank expect ongoing stimulus announcements which should include lowering some taxe... Read More

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Posted: Jun 16 2023, 03:20

Author Name: forexlive

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