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J.P.Morgan cuts China's 2023 growth forecast after sluggish Q2 GDP growth
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(Reuters) — J.P.Morgan trimmed China's growth forecast for 2023 after the country's economy grew at a weaker pace in the second quarter with the post-COVID momentum faltering rapidly.
Economists led by Haibin Zhu said on Monday they now expect China's economy to grow 5% this year against an earlier estimate of 5.5%.
Read more on investing.comAbout this in other media
Toyota joint venture cuts 1000 jobs in China investing.com /1 year ago
Wall Street cut China’s GDP forecast many times this year. One bank adjusted 6 times cnbc.com /1 year ago
Morgan Stanley raises economic growth forecast, citing Biden infrastructure ‘boom’ foxbusiness.com /1 year ago
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