UBS raised its 2024 and 2025 GDP growth forecasts for China, citing faster-than-expected GDP growth in 3Q, and recent government policy support announcements
Forecasts now:
- GDP growth for 4Q to rise to 6.5% q/q
- GDP growth for 4Q to rise to remain at 4.6% y/y
- Full-year 2024 real GDP growth raised to 4.8% (prior forecast 4.6%)
- 2025 real GDP growth forecast to 4.5% (prior 4.0%)
