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.J.P.Morgan and Citi upgraded their annual economic growth forecast for the world's second
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.
China's economy grew at a faster-than-expected rate in the first quarter, official data showed on Tuesday, expanding 4.5 per cent year-on-year, as policymakers move to bolster growth following the end of the pandemic curbs. "The post-reopening recovery should continue in the near term, and we expect the growth momentum will soften into H2 amid external sector uncertainty and as the front-loading of macro policy support turns into a drag later this year," Chief China Economist Haibin Zhu said in a note.
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