On Lake Erie, getting rid of problem algae starts with giving it less food
Real estate crowdfunding in Canada
IMF raises UK's 2024 GDP growth forecast as Reeves readies budget
IMF lowers Saudi Arabia's 2024 growth forecast to 1.5%
IMF cuts forecasts for German economy this year and next
Ex-Manchester United and Atlético Madrid striker Diego Forlán set to make professional tennis debut
Former CEO of Abercrombie & Fitch arrested on charges related to sex trafficking, sources say
Russian opposition leader Alexei Navalny's posthumous memoir is a testament to resilience
(Reuters) - China's economy grew 4.6% in July-September, official data showed, its slowest pace since early 2023 and below the 4.7% pace in the second quarter, as a tumbling property sector remained a major challenge for Beijing.
Authorities in the world's second-largest economy have sharply ramped up policy stimulus since late-September to revive the flagging economy and ensure growth will reach the government's target of around 5% this year.
Here are some brokerages' forecasts for China's 2024 growth after the Q3 GDP data:
Brokerage Real GDP growth forecast
(Y/Y)
New Old
J.P.Morgan
4.8% 4.6%
Nomura
4.7% 4.6%
UBS Global Research
4.8% 4.6%
(Compiled by the Broker Research team in Bengaluru; Editing by Varun H K)
