Brokerages revise China GDP forecasts for 2024
Updates with forecasts from ANZ, DBS Bank and Societe Generale
April 16 (Reuters) -China's gross domestic product (GDP) grew 5.3% in January-March from the year earlier, official data showed, comfortably above a 4.6% analysts' forecast in a Reuters poll and up from the 5.2% expansion in the previous quarter.
While the data offered some relief to officials as they try to shore up growth in the face of protracted weakness in the property sector and mounting local government debt, several March indicators released alongside the GDP data showed that demand at home remains frail.
Here are some forecasts from brokerages on China's GDP:
Forecast Revision Date | Brokerage | Real GDP growth forecast (Y/Y) | |
New | Old | ||
April 16 | ANZ | 4.9% | 4.2% |
April 16 | DBS Bank | 5% | 4.5% |
April 16 | Societe Generale | 5% | 4.7% |
April 16 | Deutsche Bank | 5.2% | 4.7% |
April 11 | Morgan Stanley | 4.8% | 4.2% |
April 10 | Goldman Sachs | 5.0% | 4.8% |
March 28 | Citigroup | 5.0% | 4.6% |
(Compiled by Broker Research team in Bengaluru; Edited by Shounak Dasgupta)
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