China’s economic outlook upgraded ...News

Russia Today - Economy
China’s economic outlook upgraded
source : Russia Today ( News ) () 51
JPMorgan, Citi, and UBS expect the nation’s economy to perform better than expected in 2023 Global economists have improved their full-year forecasts for the Chinese economy following its impressive first-quarter results, CNBC reported on Wednesday.  JPMorgan reportedly raised its 2023 growth outlook to 6.4% from a previous forecast of 6%, saying the latest quarterly report points to further growth ahead.  Citi lifted its forecast to 6.1% from a previously projected 5.7%, stating that the Chinese economy is “well on track on its post-Covid recovery led by consumption and services.”  Meanwhile, UBS upgraded its for

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