Wednesday , 6 November 2024
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Goldman Sachs has boosted its China GDP forecast to just below the government target

Goldman Sachs are forecasting 4.9% economic growth (GDP) in China for 2024. From 4.7% previously.

The government target is ‘around 5%’.

GS have also marked higher their 2025 forecast. also.

GS are citing stimulus announced by Chinese authorities.

  • “clearly indicates that policymakers have made a turn on cyclical policy management and increased their focus on the economy”

This article was written by Eamonn Sheridan at www.forexlive.com.

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