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Economists Turn Even More Downbeat on China’s Growth Outlook
China’s economic outlook is showing no signs of improvement, with economists broadly trimming their expectations for the nation’s recovery, prices and trade. Economists now see gross domestic product expanding 5.1% in 2023 from the prior year, according to the median estimate in the latest Bloomberg survey. That’s down from an earlier expectation of 5.2% and brings projections closer to the government’s target of about 5% — a number widely seen as conservative when it was set in March. The downgrade is attributable in part to lower projections for growth in the third quarter: Economists now see GDP ... (full story)