UBS raised its 2024 forecast for China’s full-year real GDP growth to 4.8% (from 4.6%)

UBS raised its 2024 and 2025 GDP growth forecasts for China, citing faster-than-expected GDP growth in 3Q, and recent government policy support announcements

Forecasts 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.