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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