JP Morgan upgraded its China 2023 full-year GDP growth forecast to 6.4% (from 6%) | Forexlive

Following yesterday’s data showing solid Q1 gross domestic product result:

JPM and Citi both lifted their 2023 economic growth projections:

Comment from JPM’s Chief China Economist Haibin Zhu:

• “The post-reopening recovery shouldd continue in the near term, and we expect the growth momentum will soften into H2 amid external sector uncertainty and as the front-loading of macro policy support turns into a drag later this year,”