Indicators
Economists Raise China Growth Forecasts as Exports Improve
- Economists upgrade forecasts for 2024 exports and GDP growth
- Risks remain including weak domestic spending, trade tensions
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The outlook for China’s exports is set to improve, buttressing growth in the world’s second-biggest economy even as consumer spending slows, according to a Bloomberg survey of economists.
Exports are expected to climb 4.3% this year from a year ago, according to the median forecast of 22 economists surveyed over June 17-24. That’s a jump from the 2.8% gain forecast in a May survey. China’s economy may expand 5%, up from the 4.9% projected in May, according to the median of 68 estimates.