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Asian Development Bank cuts its China growth forecast

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 30, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Asian Development Bank (ADB) lowered its forecasts for China’s economic growth to 6.5% in 2016 from 6.7% seen in its December forecast. While GDP growth forecast for 2017 stood at 6.3%.

    Meanwhile, the official growth forecast published by the Chinese government is 6.5 to 7%.
    For more information, read our latest forex news.

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