Morgan Stanley increases 2025 China GDP forecast to 4.8% from 4.5%.
UBS upgrades 2025 China GDP forecast to 4.7%.The higher projections come following yesterday's data:
In y/y terms the headline was +5.2%
expected +5.1%, prior +5.4%After adjusting for inflation (in H1 CPI -0.1%, PPI -2.8%), in nominal terms the economy grew 3.9%.
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