Economic news
J.P.Morgan cuts China’s 2023 growth forecast after sluggish Q2 GDP growth
2023.07.17 04:34
© Reuters. FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar/File Photo
(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%.
