Goldman Sachs and Morgan Stanley have raised their outlook for China's economic growth in 2024, with Goldman Sachs forecasting a 5% GDP growth for the year, citing accelerated factory activity. This comes amidst various challenges including tech, trade, and diplomatic wars with the U.S. Other financial institutions like Morgan Stanley, Reuters, and UBS have also revised their GDP growth forecasts for China, with figures ranging from 4.6% to around 5.0%.
⚠️ CHINA'S Q1 GDP GROWTH LIKELY TO SLOW, MORE STIMULUS ON THE CARDS Full Story → https://t.co/VX0KXnsf0K China's economy is expected to have slowed in the first quarter as a protracted property downturn and weak private-sector confidence weigh on demand, maintaining pressures… https://t.co/zyFsR0N0Fz
Goldman Sachs Group Inc raised its outlook for China's economic growth this year as the country's factory activities have accelerated more quickly than expected. #economy https://t.co/5Af2MtyS7M https://t.co/YWOZZOvys9
Recent Wall Street Revisions to #China's GDP Growth Outlook for 2024 Goldman Sachs 4.8% → 5.0%. Citi Group 4.6% → 5.0%. UBS 4.4% → ~5.0%. Morgan Stanley 4.2% → 4.8%.
Goldman Sachs Group Inc. and Morgan Stanley raised their outlook for China’s economic growth this year as factory activity and exports accelerate more quickly than expected https://t.co/jRDo1Ua0Fb
Goldman, Morgan Stanley Boost #China’s 2024 Growth Outlook Economists raise GDP forecast on strong factory, export data Improved momentum lowers chance of more easing: Morgan Stanley #oott https://t.co/slSErSrwlV
Morgan Stanley raised 2024 growth forecast for #China to 4.8% from 4.2%, citing better-than-expected export growth. https://t.co/haGgRmRP6L https://t.co/Ak2f81MFoo
🔴 CHINA Q1 GDP GROWTH SEEN AT 4.6%, Q2 GROWTH SEEN AT 5.0% YOY - POLL.
⚠️ CHINA'S Q1 GDP GROWTH SET TO SLOW TO 4.6%, KEEPS PRESSURE FOR MORE STIMULUS- REUTERS POLL Full Story → https://t.co/2GK3zqyB9w China's economy likely grew 4.6% in the first quarter from a year earlier - the slowest in a year despite tentative signs of steadying, a Reuters… https://t.co/sVnLjPFlZj
Goldman Sachs boosts #China's growth outlook on manufacturing https://t.co/ah7UZBkUC5 https://t.co/bGaFthh49y
MORGAN STANLEY LIFTS #CHINA 2024 GDP GROWTH FORECAST TO 4.8%.
Goldman Sachs lifts China 2024 growth forecast to 5.0% https://t.co/YG00pvrhk4
“China’s Q1 GDP grew at 5%” — Goldman Sachs. The investment firm also raised the forecast for the year to 5%. Incredible, considering all the tech war, trade war, and diplomatic war the U.S. has been waging against China. https://t.co/y6I8ywwzaf
Goldman Sachs raised its outlook for China’s economic growth this year as factory activity accelerated more than expected https://t.co/6YTMQn6GLl