DBS raises China's 2024 GDP growth forecast to 5% due to improved property market and trade performance.
DBS, Singapore's major banking group, has raised its forecast for China's 2024 GDP growth to 5% from 4.5%, following positive signals of economic recovery in China. The improved performance is attributed to measures introduced by Chinese authorities to bolster the property market, which has shown a better than expected upturn, as well as resilient trade performance. DBS remains optimistic about China's growth outlook.
June 05, 2024
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