S&P cuts its China GDP forecast for 2023 to 5.2% from 5.5% – expects uneven growth pace

<p>Rating agency S&amp;P Global has trimmed its forecast for economic growth in China in 2023 to 5.2% y/y</p><ul><li>Their prior estimate was 5.5%</li><li>says recovery should continue but at an uneven pace</li></ul><p>There have been plenty of other downward revisions:</p><ul><li><a href="https://www.forexlive.com/news/more-from-goldman-sachs-reasons-for-slashing-their-china-growth-forecast-20230619/" target="_blank" rel="follow" data-article-link="true">More from Goldman Sachs – reasons for slashing their China growth forecast</a></li></ul><ul><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" data-article-link="true">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" data-article-link="true">UBS revised down its China 2023 GDP growth forecast to 5.2%, from 5.7% previously</a></li></ul>

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