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Nomura raises China GDP forecast (yes, raise). BoA sees green shoot in China profit data.

Nomura raises China GDP forecast (yes, raise). BoA sees green shoot in China profit data.
Nomura bumped its forecast for 2023 economic growth in China higher, to 4.8% from previously at 4.6%.Bank of America have dialled back the pessimism on China also. They have been touting improving domestic and investment demand and have now spotted a 'green shoot' in the profits data that was released yesterday:China August Industrial Profits +17.2% y/yFrom BoA's note:Both industrial profit & revenue growth improved in August, both turned positiveProfit growth improvements seen across the boardw... Read More
Posted: Sep 27 2023, 21:33
Author Name: forexlive
Views: 090437

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