By Chelsey Dulaney
Goldman Sachs bumped up its forecasts for Chinese economic growth, a day after the U.S. agreed to an unexpectedly large reduction in tariffs on the country's goods.
-- Goldman said Tuesday it expects the Chinese economy to grow 4.6% this year, compared to its prior forecast for 4% growth. Its projections are for real, or inflation-adjusted, growth.
-- That would still come in below Beijing's 5% target.
-- For 2026, the bank raised its forecast to 3.8% from 3.5%.
-- Goldman expects China's export volumes to be flat this year. It had previously forecast a 5% contraction.
On Monday, Morgan Stanley said the trade pact could boost Chinese activity, but cautioned a "durable resolution remains challenging."
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(END) Dow Jones Newswires
May 13, 2025 07:08 ET (11:08 GMT)
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