UBS raises its China growth forecast for 2023 from 4.9% to 5.4% | Forexlive

UBS has issued a revised growth forecast for China in 2023, raising its estimate to 5.4% from 4.9% previously.

• for CPI UBS forecast for 2023 is 2.5%, down from previoulsy at 3.0%
• For 2024, UBS GDP forecast is 5.2% from the previous 4.8%

UBS comment:

• Economic re-opening is proceeding better than we had expected earlier – the feared “second-wave” of Covid did not materialize and there was little sign of supply disruptions
• UBS says the global economy is proving to be more resilient than earlier projections.