The World Bank raised its prediction on China's GDP growth rate by 0.3 percentage points to 4.8 percent for 2024 in its latest China Economic Update released on Friday. The bank said the upward revision of 0.3
Yesterday, JPMorgan raised its forecast for China's GDP growth this year. It now projects that China's GDP will grow 6.4% in 2023, compared with its previous estimate of 6%. China's GDP in the first quarter was 28.5 trillion yuan, a year-on-year increase of 4.5% at constant prices,...
IMF upgrades China GDP forecastThe International Monetary Fund (IMF) has upgraded its 2023 GDP growth forecast for China to 5.4% from 5% previously, in view of recently introduced government measures aimed at strengthening the world's second biggest economy.ICIS Chemical Business group...
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This is down from Q1, which saw the growth of real gross domestic product (GDP) at 5.3 percent. GDP refers to the total market value of all goods and services that are produced within a country per year and is adjusted for price changes, making it a useful indicator for economic growth...
JPMorgan raised its forecast for China's economic growth in 2023 to 6.4 percent from 6 percent previously. "The strong first-quarter GDP data suggests that the economic recovery is gaining momentum," Haibin Zhu, JPMorgan's chief China economist, said in a note on Tuesday. A...
FILE PHOTO: Tourists relax on the waterfront in front of Victoria Harbour, with the iconic skyline buildings as a backdrop, in Hong Kong, China June 28, 2023. REUTERS/Tyrone Siu/File Photo BEIJING (Reuters) - Nomura has upgraded its forecast for China's 2025 GDP gro...
Even at 3% to 4%, the pace of China's growth remains faster than that of developed economies. The IMF in October forecast U.S. real GDP would slow to 1.5% growth in 2024, down from 2.1% in 2023. The fund is set to release an update to its global predictions o...
BEIJING — The International Monetary Fund on Tuesday raised its China growth forecast to 5.4% for 2023, while warning that real estate struggles remain. The IMF cited better-than-expected third-quarter growth and Beijing's recent policy announcements. ...
Fitch Ratings recently raised China's 2023 GDP forecast from 5.2 percent to 5.6 percent after a swifter-than-expected reopening rebound in the first quarter. "China's reopening rebound was a lot stronger in the first quarter than we had anticipated," said Brian Coulton, chief economist with Fi...