UBS raised its 2024 and 2025 GDP growth forecasts for China, citing faster-than-expected GDP growth in 3Q, and recent government policy support announcementsForecasts now:GDP growth for 4Q to rise to 6.5% q/qGDP growth for 4Q to rise to remain at 4.6% y/yFull-year 2024 real GDP growth raised to 4.8% (prior forecast 4.6%)2025 real GDP growth forecast to 4.5% (prior 4.0%) This article was written by Eamonn Sheridan at www.forexlive.com.
UBS has increased its GDP growth predictions for China in 2024 and 2025 due to stronger-than-expected growth in Q3 and recent government support.
Updated forecasts:
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