J.P.Morgan, Citi upgrade China’s 2023 full-year GDP growth forecast

J.P.Morgan and Citigroup upgraded China’s 2023 full-year gross domestic product growth forecast on Tuesday, citing that the country’s decision to lift stringent COVID-19 restrictions last December helped boost growth. They upgraded their annual economic growth forecast for the world’s second-largest economy by 40 basis points to 6.4 percent and 6.1 percent year-on-year, respectively. China’s economy … Continue reading J.P.Morgan, Citi upgrade China’s 2023 full-year GDP growth forecast