world growth

world growth

Thursday, April 23, 2009

Goldman Sachs:China 2009 GDP growth forecast to 8.3%

BEIJING, April 22 (Reuters) - Goldman Sachs on Wednesday raised its forecast for China's GDP growth this year to 8.3 percent from 6.0 percent, crediting the government's aggressive policy easing and better-than-expected results from its stimulus spending.
Goldman also raised its forecast for 2010 growth to 10.9 percent from 9.0 percent, saying that the economy will be driven by stronger investment, especially from the private sector.
Goldman's revision follows upgrades last week by several other international banks based on signs in China's economic data for March that suggested the economy was starting to recover.
UBS raised its forecast for gross domestic product growth this year to 7-7.5 percent, from 6.5 percent, while leaving its 2010 forecast unchanged at 7.5 percent.
Royal Bank of Scotland lifted its 2009 forecast to 7 percent from 5 percent. It forecast 8 percent expansion next year.
Barclays Capital raised its 2009 forecast to 7.2 percent from 6.7 percent.

http://www.guardian.co.uk/business/feedarticle/8466930

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