Goldman Sachs improves China’s GDP outlook in ’24

Goldman Sachs raised its forecast for China’s gross domestic product (GDP) growth in 2024 to 4.9 per cent from 4.7 per cent, citing the government’s recent stimulus measures.

In a research note to clients, Goldman Sachs stated that the government’s actions clearly indicate a shift towards cyclical policy management and a heightened focus on the economy.

Attribution: Reuters

Subediting: M. S. Salama