CHINA Nomura elevates forecast on China’s GDP growth


Nomura elevates forecast on China’s GDP growth

People's Daily app

10:50, September 14, 2020

Japanese financial services group Nomura released a report in which it raised the forecast on China’s GDP growth in 2020 and 2021 to 2.2 percent and 9.4 percent, from the previous 1.7 and 8.8 percent respectively, Reuters reported.


File photo: CFP

Nomura also expected China to see a 5.2 and 5.7 percent growth in the third and fourth quarter, increasing from 4.3 and 3.2 percent.

Comparing with other major economies afflicted by the COVID-19, China, beyond any doubt, has shown an excellent recovery, the report said.

(Compiled by Qiao Wai)

Terms of Service & Privacy Policy

We have updated our privacy policy to comply with the latest laws and regulations. The updated policy explains the mechanism of how we collect and treat your personal data. You can learn more about the rights you have by reading our terms of service. Please read them carefully. By clicking AGREE, you indicate that you have read and agreed to our privacy policies

Agree and continue