UBS has increased its GDP growth forecasts for China for 2024 and 2025 due to stronger-than-expected growth in Q3 and recent government support.
New forecasts:
- Q4 GDP growth expected to rise to 6.5% (quarterly)
- Q4 GDP growth to remain at 4.6% (yearly)
- 2024 full-year GDP growth raised to 4.8% (up from 4.6%)
- 2025 GDP growth forecast increased to 4.5% (up from 4.0%)