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Economists Raise China Growth Forecasts as Exports Improve

From bnnbloomberg.ca

The outlook for China’s exports is set to improve, buttressing growth in the world’s second-biggest economy even as consumer spending slows, according to a Bloomberg survey of economists. Exports are expected to climb 4.3% this year from a year ago, according to the median forecast of 22 economists surveyed over June 17-24. That’s a jump from the 2.8% gain forecast in a May survey. China’s economy may expand 5%, up from the 4.9% projected in May, according to the median of 68 estimates. “We look for an improving trade outlook over the coming months, driven by a shift in global demand from services back to goods,” ... (full story)

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  • Category: Fundamental Analysis