China’s GDP forecast raised for Q4 2021 and 2022 – JP Morgan

Analysts at JPMorgan raised their forecast for the fourth quarter and full-year 2022 China GDP on Wednesday.

Key quotes

“Expect fourth-quarter growth to come in at 4.9% quarter-on-quarter compared to a previous forecast of 4.0%.”

“Full-year 2021 prediction unchanged at 7.8% year-on-year.”

“Raised its full-year forecast for next year, expecting now 4.9% year-on-year expansion compared to previously 4.7%.”

"Economic activity data in November was overall mixed: with a positive surprise on the trade front, disappointment in retail sales, while IP and fixed investment were roughly tracking our forecasts,"        

"Combining the November activity data with the solid October figures, we have revised up our 4Q GDP growth forecast moderately."

Related reads

• China data dump mixed and fails to move the needle ahead of the Fed
• China’s NBS: Economy has continued to improve