Goldman Sachs upgraded their predictions for China’s economic expansion.
Analysts expect China's GDP to grow by 4.9% in 2024
Goldman Sachs has improved its forecasts for China’s economic growth in 2024 and 2025, Bloomberg
The forecast has been improved on the back of Beijing’s unveiling of a number of stimulus measures, including recent plans to increase government spending.
Goldman Sachs expects China’s GDP to grow by 4.9% this year, up from 4.7% previously forecast. According to a new research note, the investment bank also raised its forecast for Chinese economic growth in 2025 to 4.7% (previously 4.3%).
On October 12, China promised to “significantly increase” debt issuance to revive its economy, Reuters writes, but left investors guessing about the total amount of the stimulus package.
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