Goldman Sachs predicts a 4.9% economic growth (GDP) in China for 2024, up from an earlier forecast of 4.7%.
The government’s target is approximately 5%.
Goldman Sachs has also increased its 2025 forecast to 4.7%, revised from 4.3%.
This change is due to new stimulus measures from Chinese authorities, which suggests a shift in policy focus towards supporting the economy.
- “This clearly indicates that policymakers have changed their approach to managing the economy.”
