BofA upgrades China's 2023 GDP growth forecast to 6.3%

Kitco Media
By Reuters
Published:
Updated:
Reuters
April 21 (Reuters) - BofA Global Research on Friday raised its forecast for China's 2023 gross domestic product (GDP) growth to 6.3%, saying it expects the strong credit impulse in the first quarter will lift cyclical growth momentum in the next couple of quarters. BofA's prior forecast was 5.5%. (Reporting by Reshma Rockie George in Bengaluru; Editing by Savio D'Souza)

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