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Gdp Forecast

All articles tagged with #gdp forecast

economics2 years ago

China's Economic Outlook: Navigating Challenges and Shifting Focus

Major international investment banks are predicting a slower economic growth for China in 2024, with an average forecast of 4.6% increase in real GDP, down from 5.2% in 2023. Factors contributing to this include a housing market correction and subdued external demand. Despite this, China's economy is still expected to outpace that of developed economies, with UBS analysts pointing to growth potential in areas such as urbanization, manufacturing, services, and renewable energy.

via CNBC|
#china#economic-growth#economics
economy2 years ago

IMF Upgrades China's GDP Forecast Following Policy Shifts

The International Monetary Fund (IMF) has raised its growth forecast for China to 5.4% for 2023, citing better-than-expected third-quarter growth and recent policy announcements by Beijing. However, the IMF still expects growth to slow next year to 4.6% due to weakness in the property market and subdued external demand. The IMF also highlighted elevated financial stability risks in China, including lower capital buffers and growing asset quality risks. The Chinese government has taken steps to support the struggling real estate sector and local governments, while also increasing the budget deficit. The IMF welcomed these measures but emphasized the need to minimize economic costs and contain risks to macrofinancial stability.

via CNBC|
#beijings-policy-moves#china#economic-measures
economics2 years ago

Goldman Sachs slashes China's growth forecast amid property market woes.

Goldman Sachs has lowered its forecast for China's economic growth due to weak confidence and a slowdown in the property market. The bank lowered its full-year GDP growth forecast from 6% to 5.4% and its 2024 growth forecast from 4.6% to 4.5%. China's post-pandemic recovery has faltered, and policymakers are constrained in delivering meaningful stimulus. China's government has set a modest GDP growth target of about 5% for this year after badly missing its 2022 goal.

via Reuters.com|
#china#economic-growth#economics
finance2 years ago

Goldman Sachs Raises US Recession Odds to 35% Amid Economic Turmoil

Goldman Sachs' chief economist, Jan Hatzius, has raised the odds of a US recession in the next 12 months to 35%, up from 25% previously, due to "increased near-term uncertainty" around the economic effects of small bank stress. Hatzius also cut his 2023 GDP forecast by 0.3 percentage points to 1.2%. While the banking crisis is a concern, Hatzius thinks it will not trigger a rate cut from the Federal Reserve, but a recession may unfold as lending standards are tightened and consumers pull back while becoming more jittery about the economy.

via Yahoo Finance|
#banking-crisis#federal-reserve#finance
finance2 years ago

Goldman Sachs lowers U.S. GDP forecast due to banking stress.

Goldman Sachs has lowered its 2023 economic growth forecast by 0.3 percentage points to 1.2% due to a pullback in lending from small- and medium-sized banks amid turmoil in the broader financial system. The firm expects smaller banks to preserve liquidity in case they need to meet depositor withdrawals, leading to a substantial tightening in bank lending standards. Small and medium-sized banks play an important role in the US economy, and any lending impact is likely to be concentrated in a subset of small and medium-sized banks.

via CNBC|
#fdic-insured-deposits#finance#gdp-forecast