Goldman Sachs, however, cut its view to bring it more in line with the target set by its peers. All six brokerages listed below have pegged their estimates above Beijing’s 5% growth target for the year.
Following are the forecasts from global brokerages:
Brokerage Current 2023 GDP Growth Previous 2023 GDP Growth
Forecast Forecast
J.P.Morgan 5.20% 5%
Nomura 5.10% 4.80%
Citigroup (NYSE:C) 5.30% 5%
Goldman Sachs 5.30% 5.40%
UBS 5.2% 4.8%
Morgan Stanley 5.1% 4.8%-4.9%
Source: Economy - investing.com
