Morgan Stanley cuts China 2023 GDP growth forecast to 4.7% (from 5.0%)

<p>Morgan Stanley has jumped on board to cut its economic growth forecast for China:</p><p>cuts 2023 GDP growth forecast to 4.7%</p><ul><li> from their previous forecast at 5.0%</li></ul><p>cuts 2024 growth forecast to 4.2%</p><ul><li> from previously at 4.5%</li></ul><p>Many of the cuts we have had from analysts are back towards the official forecast of 'around 5' (yes, that's right 'aropund' 5% is the official Chinese projection)&gt; MS going under the round number now. </p><p>Earlier:</p><ul><li><a href="https://www.forexlive.com/news/jp-morgan-slashed-their-china-gdp-forecast-following-the-ugly-data-this-week-20230815/" target="_blank" rel="follow" data-article-link="true">JP Morgan slashed their China GDP forecast following the ugly data this week</a></li></ul><p>This has been the whole week!</p>

This article was written by Eamonn Sheridan at www.forexlive.com.