Business Maverick: Morgan Stanley lifts China GDP forecast on reopening and easing

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Morgan Stanley economists upgraded their forecast for China’s gross domestic product growth in 2023 on expectations that the rapid reopening from Covid Zero and continued steps to ease policy will boost the economy. But an analyst has criticised the ...

The bank raised its projection to 5.4% growth from 5%, expecting that mobility and economic activity will rebound to the levels seen in June and July of this year by the end of the first quarter, economists including Robin Xing wrote in a note on Tuesday. They expect a continued recovery to above pre-pandemic levels through the rest of 2023.

Morgan Stanley’s upgrade comes as other banks have also revised their forecasts for China’s growth upward. The Chinese Academy of Social Sciences, a state-run think tank, has forecast China’s economy will expand by 5.1% next year, according to a

 

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