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Nomura revises China 2023 GDP growth forecast slightly higher

Nomura is the latest to revise higher its forecast of the Chinese economy, expecting 2023 GDP growth to come in at 5.1% compared to 4.8% previously. They are not the first to do so in recent weeks with JP Morgan and ANZ also having done so already.The latest data from China does show some signs of stabilisation but I doubt we'll see a drastic improvement in prospects considering that domestic demand remains in the dumps for now. This article was written by Justin Low at www.fore... Read More

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Content Topics

Nomura

Revises

China

2023

Growth

Forecast

Slightly

Higher

Forex

Posted: Oct 18 2023, 06:31

Author Name: forexlive

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