Bank of America lowered their 2023 China GDP forecast to 5.1% from 5.7% previously

<p>BoA jumping on board with the GDP projection cuts for China. There have been plenty this week:</p><ul><li><a href="https://www.forexlive.com/news/icymi-morgan-stanley-cut-its-china-2023-and-2024-growth-forecasts-20230717/" target="_blank" rel="follow" data-article-link="true">ICYMI – Morgan Stanley cut its China 2023 and 2024 growth forecasts</a></li><li><a href="https://www.forexlive.com/news/deutsche-bank-cuts-china-full-year-gdp-growth-forecast-to-53-from-60-previously-20230718/" target="_blank" rel="follow" data-article-link="true">Deutsche Bank cuts China full year GDP growth forecast to 5.3% from 6.0% previously</a></li><li><a href="https://www.forexlive.com/news/jp-morgan-slashes-china-full-year-gdp-growth-forecast-to-50-from-55-previously-20230717/" target="_blank" rel="follow" data-article-link="true">JP Morgan slashes China full year GDP growth forecast to 5.0% from 5.5% previously</a></li></ul><p>And before last week also:</p><ul><li><a href="https://www.forexlive.com/news/goldman-sachs-have-taken-a-knife-to-their-china-gdp-forecasts-54-for-2023-60-prior-20230619/" target="_blank" rel="follow">Goldman Sachs have taken a knife to their China GDP forecasts: 5.4% for 2023 (6.0% prior)</a></li><li><a href="https://www.forexlive.com/news/icymi-nomura-slashes-its-forecast-for-chinas-2023-gdp-growth-to-51-from-55-20230618/" target="_blank" rel="follow">ICYMI – Nomura slashes its forecast for China's 2023 GDP growth to 5.1% from 5.5%</a></li><li><a href="https://www.forexlive.com/news/ubs-revised-down-its-china-2023-gdp-growth-forecast-to-52-from-57-previously-20230618/" target="_blank" rel="follow">UBS revised down its China 2023 GDP growth forecast to 5.2%, from 5.7% previously</a></li><li><a href="https://www.forexlive.com/news/hsbc-slashes-china-2023-gdp-forecast-to-53-from-63-previously-20230620/" target="_blank" rel="follow">HSBC slashes China 2023 GDP forecast to 5.3% from 6.3% previously</a></li><li><a href="https://www.forexlive.com/news/citi-cuts-its-china-forecast-for-2023-to-55-from-61-20230620/" target="_blank" rel="follow">Citi cuts its China GDP forecast for 2023 to 5.5%, from 6.1%</a></li><li><a href="https://www.forexlive.com/news/sp-cuts-its-china-gdp-forecast-for-2023-to-52-from-55-expects-uneven-growth-pace-20230626/" target="_blank" rel="follow">S&amp;P cuts its China GDP forecast for 2023 to 5.2% from 5.5% – expects uneven growth pace</a></li></ul>

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