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UBS raised China’s 2024 GDP growth forecast to 4.8%.

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.

October 21, 2024

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UBS has increased its GDP growth forecasts for China for 2024 and 2025 due to stronger-than-expected growth in the third quarter and new government support measures.

New forecasts include:

Q4 GDP growth expected to rise to 6.5% quarter-on-quarter
Q4 GDP growth expected to stay at 4.6% year-on-year
2024 full-year GDP growth forecast raised to 4.8% (previously 4.6%)
2025 GDP growth forecast increased to 4.5% (previously 4.0%)

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SourceForexlive

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