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Goldman Sachs lifts China 2024 growth forecast to 5.0%

Kitco Media
By Reuters
Published:
Updated:
Reuters
Goldman Sachs lifts China 2024 growth forecast to 5.0% teaser image

BEIJING, April 10 (Reuters) - Goldman Sachs (GS.N), opens new tab has raised its forecast for China's year-on-year economic growth this year to 5.0% from 4.8% in November last year, the investment bank said in a note on Wednesday.

It also raised the first-quarter gross domestic product (GDP) growth forecast for the world's second-biggest economy to 5.0% from 4.5% thanks to manufacturing strength, according to the note.

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Reporting by Ellen Zhang and Kevin Yao; Editing by Andrew Heavens

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