China's Economic Growth
(Reuters) – China's economy grew 4.6% in July-September, official data showed, its slowest pace since early 2023 and below the 4.7% pace in the second quarter. A tumbling property sector remains a significant challenge for Beijing.
Authorities in the world's second-largest economy have sharply ramped up policy stimulus since late-September to revive the flagging economy and ensure growth reaches the government's target of around 5% this year.
Brokerages' Forecasts for China's 2024 Growth After Q3 GDP Data
| Brokerage | Real GDP Growth Forecast (Y/Y) | New | Old |
|---|---|---|---|
| J.P. Morgan | 4.8% | 4.6% | |
| Nomura | 4.7% | 4.6% | |
| UBS Global Research | 4.8% | 4.6% |
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