5 days ago
Wall Street Banks Lift China Growth Outlook After Bright Quarter
At least nine US and international banks raised their forecasts for China's economic growth this year following better-than-expected data from the second quarter, although they expect the momentum to fade in the coming months.
Banks including Morgan Stanley, Goldman Sachs Group Inc. and Barclays Plc upgraded their estimates for full-year gross domestic product expansion closer to 5%, while the Australia & New Zealand Banking Group now sees 5.1% growth for 2025.
