Forex
globalreutersJuly 15, 20241 Mins read
Firms lower China 2024 growth forecast after softer data earlier
globalreutersJuly 15, 20241 Mins read This comes after the miss on Q2 numbers earlier today here.
Goldman Sachs is cutting their 2024 GDP forecast for China to 4.9%, down from 5.0% previously. Meanwhile, JP Morgan slashed their estimate to 4.7% compared to 5.2% previously. On the revision, JP Morgan continues to argue that the Chinese economy remains “fragile, unstable and uneven”.
This article was written by Justin Low at www.forexlive.com.
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