China: GDP outlook revised up for 2023 – UOB – by pabspiovano China GDP Banks
Key Takeaways
“Both the official manufacturing and non-manufacturing PMIs printed below expectation and fell past their lows during the Shanghai lockdown in Apr-May 2022, to their lowest since Feb 2020.” “We expect 4Q22 GDP growth to slow to 2.2% y/y from 3.9% y/y in 3Q22 amid the COVID outbreak. Our updated forecasts for China’s 2022 and 2023 GDP growth are now at 2.8% and 5.2% respectively.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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