ICYMI – Morgan Stanley cut its China 2023 and 2024 growth forecasts | Forexlive

Morgan Stanley slashed its China 2023 economic growth forecast to 5.0% from 5.7% previously

• and for 2024 to 4.5% from 4.9% previously

The change came after the weak data from China on Monday:

Morgan Stanley said

• the GDP report was weak
• China’s government is being slow to provide stimulus
• “Market scepticism on China’s growth outlook is on the rise”

Justin posted on a similar downgraded forecast from JPM:

Additionally, Societe General cuts its 2023 forecast to 5%, from 5.5%

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In recent months the knives have come out for China growth forecasts: