Goldman Sachs are forecasting 4.9% economic growth (GDP) in China for 2024.The government target is 'around 5%'. GS have also marked higher their 2025 forecast. also. GS are citing stimulus announced by Chinese authorities. This article was written by Eamonn Sheridan at www.forexlive.com.
Goldman Sachs predicts a 4.9% economic growth (GDP) for China in 2024, up from 4.7%.
The government’s target is around 5%.
They have also raised their 2025 forecast to 4.7% from 4.3%.
Goldman cites new stimulus measures from the Chinese government, indicating a shift in focus on economic management.
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