JP Morgan raised its China GDP forecasts for 2023 and 2024

<p>Analysts at JP Morgan raised their economic growth forecasts for China citing policy moves and improving economic signals.</p><p>
revised up the full-year growth forecast to 5.0% for 2023 (previously: 4.8%) </p><p>and 4.4% for 2024 (previously: 4.2%)
</p><p>JPM are optmisistic on more policy support to come:
</p><ul><li> “Further policy measures could be announced, such as product-specific consumption support and further relaxation of administrative controls in the housing market.”</li></ul><p>JPM not the only ones, this from earlier:</p><ul><li><a href="https://www.forexlive.com/news/nomura-raises-china-gdp-forecast-yes-raise-boa-sees-green-shoot-in-china-profit-data-20230927/" target="_blank" rel="follow" data-article-link="true">Nomura raises China GDP forecast (yes, raise). BoA sees green shoot in China profit data.</a></li></ul>

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