Nomura revises China 2023 GDP growth forecast slightly higher

<p>Nomura is the latest to revise higher its forecast of the Chinese economy, expecting 2023 GDP growth to come in at 5.1% compared to 4.8% previously. They are not the first to do so in recent weeks with JP Morgan and ANZ also having done so already.</p><p>The latest data from China does show some signs of stabilisation but I doubt we'll see a drastic improvement in prospects considering that domestic demand remains in the dumps for now.</p>

This article was written by Justin Low at www.forexlive.com.