Goldman Sachs raises China’s GDP forecast to 4.9% in 2024
8:07 pm Sunday, October 13th, 2024
(Reuters) – Goldman Sachs raised China’s gross domestic product forecast to 4.9% from 4.7% for 2024, according to a research note, citing the government’s latest round of stimulus measures.
The move “clearly indicates that policymakers have made a turn on cyclical policy management and increased their focus on the economy,” said Goldman Sachs in a research note to clients on Sunday.
(Reporting by Beijing newsroom; Editing by Tom Hogue)
