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10 Mar 2017
More on Goldman Sachs raising China GDP forecast - BBG
More headlines crossing the wires, via Reuters, from Goldman Sachs’ analysts on the Chinese GDP forecast for 2017.
Key Points:
Q1 GDP forecast revised higher to 6.3% q/q (prior they were at 5.5%)
Q2 6.7% (previous 7%)
Key Reasons:
Rebound in spending "quicker and much larger than" it had anticipated
Global growth also surprised to the upside