Major banks cut China’s 2023 GDP forecasts as recovery falters
17 Jun 2023
Several major banks have cut their 2023 gross domestic product (GDP) growth forecasts for China after May data showed a post-COVID recovery was faltering in the world’s second-largest economy. Nomura has cut its forecast for China’s 2023 GDP growth to 5.1 per cent from 5.5 per cent, the Japanese bank said in a note,