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 China’s economy will grow by 4.9% in 2024, up from a previous estimate of 4.7%.
The Chinese government has set a target of “around 5%.”
Goldman Sachs has also raised its 2025 growth forecast to 4.7% from 4.3%.
This adjustment is attributed to new stimulus measures from Chinese authorities, indicating a shift in focus towards economic management.
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