UBS raises China 2016 GDP growth forecast

by swisscham in BFI

Swiss bank UBS has upgraded China’s gross domestic product (GDP) growth forecast in 2016, citing encouraging new economic indicators and loose credit and fiscal policy support.”We now see 2016 real GDP slowing more modestly to 6.6% (vs. our previous forecasts of 6.2%) from 2015’s 6.9 percent,” the bank’s China economy research team said in a research note.The bank also raised the China GDP growth forecast for 2017 from its previous prediction of 5.8 percent to 6.3%.

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