(Reuters) – China’s economy grew 4.6% in July-September, official data showed, its slowest pace since early 2023 and below the 4.7% pace in the second quarter, as a tumbling property sector remained a major challenge for Beijing.
Authorities in the world’s second-largest economy have sharply ramped up policy stimulus since late-September to revive the flagging economy and ensure growth will reach the government’s target of around 5% this year.
Here are some brokerages’ forecasts for China’s 2024 growth after the Q3 GDP data:
Brokerage Real GDP growth forecast
(Y/Y)
New Old
J.P.Morgan
4.8% 4.6%
Nomura
4.7% 4.6%
UBS Global Research
4.8% 4.6%
(Compiled by the Broker Research team in Bengaluru; Editing by Varun H K)
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