China growth forecast

Goldman Sachs lowers China 2024 growth forecast to 4.9%

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Goldman Sachs lowers China 2024 growth forecast to 4.9%

Goldman Sachs on Monday lowered its forecast for China’s 2024 gross domestic product to 4.9% from 5.0% on the back of data showing that the country’s economy slowed in the second quarter. “To counteract weak domestic demand, we believe more policy easing is necessary through the remainder of this year, especially on the fiscal and … Read more

Moody’s raises China’s growth forecast to 4.5% for 2024

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Moody’s raises China’s growth forecast to 4.5% for 2024

Moody’s raised China’s growth forecast for 2024 to 4.5% from 4.0%, it said in a statement released on Monday, noting that China’s post-pandemic manufacturing and export-focused growth strategy is taking shape. Growth in the first quarter was boosted by trade and manufacturing activity, with fiscal policy supporting the latter, the ratings agency said. Source link