Free Trial
USDCAD TECHS

Impulsive Rally Extends

US TSYS

Late Eurodollar/SOFR/Treasury Option Roundup

EURJPY TECHS

Price Is Below The 50-Day EMA

US

Late Corporate Credit Update

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Nomura Cuts GDP Growth Forecasts

CHINA

Nomura mark down their ’22 & ’23 China GDP growth forecasts on several factors.

  • “First, because of the latest activity data and some new negative developments, we cut our GDP growth forecast to 2.9% and 3.3% Y/Y for Q3 and Q4 2022 from 4.0% and 4.0%, respectively. Accordingly, we lower our 2022 GDP growth forecast to 2.8% from 3.3%.”
  • “Second, although we still believe Beijing will maintain its zero-Covid strategy (ZCS) until March 2023, we also revise down our growth forecast for 2023, as the economy may either experience a surge in infections if Beijing shifts to “living with Covid”, or there may be disappointment if Beijing keeps ZCS after the political reshuffle concludes in March 2023. We thus lower our 2023 GDP growth forecast to 5.1% from 5.5%.”
129 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Nomura mark down their ’22 & ’23 China GDP growth forecasts on several factors.

  • “First, because of the latest activity data and some new negative developments, we cut our GDP growth forecast to 2.9% and 3.3% Y/Y for Q3 and Q4 2022 from 4.0% and 4.0%, respectively. Accordingly, we lower our 2022 GDP growth forecast to 2.8% from 3.3%.”
  • “Second, although we still believe Beijing will maintain its zero-Covid strategy (ZCS) until March 2023, we also revise down our growth forecast for 2023, as the economy may either experience a surge in infections if Beijing shifts to “living with Covid”, or there may be disappointment if Beijing keeps ZCS after the political reshuffle concludes in March 2023. We thus lower our 2023 GDP growth forecast to 5.1% from 5.5%.”