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Moody's cut its China economic growth forecast for 2024 to 4% (from 4.5% previously)

Moody's rating agency has downgraded its GDP forecast for China next year:the 2023 forecast remains at 5%2024 cut to 4% from 4.5% the firm was expecting previouslyMoody's reasoning that:China is facing "considerable growth challenges" stemming from weak business and consumer confidence amid economic and policy uncertainty, continued property sector woes and an aging working population. "Data from China suggest that the economic recovery from a prolonged zero-COVID policy remains muted, as the re... Read More

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Moody

China

Economic

Growth

Forecast

2024

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Previously

Forex

Posted: Sep 4 2023, 00:57

Author Name: forexlive

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