Major foreign banks raise China’s GDP forecast, annual target seen as ‘on track’
Several major banks forecast stronger economic growth for China this year, buoyed by third-quarter data showing slightly better-than-expected expansion despite domestic and external headwinds.
Investment bank Goldman Sachs raised its full-year gross domestic product forecast for 2025 from 4.8 per cent to 4.9 per cent, noting that the government’s target of “around 5 per cent” remains “largely on track”.
The bank also revised its estimate for 2026, up slightly from 4.2 per cent to 4.3 per cent,...
