Citi raised its growth forecast for China to 5% this year (from 4.7%)

<p>Bloomberg (gated) reported on CitiGroup upgrading its forecast for China's economic growth in 2023. </p><p>In brief:</p><ul><li>Retail sales and industrial production may improve</li><li>China's export contraction could also narrow after official manufacturing surveys expanded for the first time in six months</li><li>

“The cyclical bottom is here, with all eyes on whether organic demand will pick up amid gathering policy momentum,”</li><li>since the end of August “policy momentum exceeded expectations clearly” due to some property easing measures
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This article was written by Eamonn Sheridan at www.forexlive.com.