Morgan Stanley raises China GDP forecast
23-04-2009
Morgan Stanley has raised its growth forecast for China from 5.5 percent to 7 percent. Its economists believe the government's stimulus measures have effectively prevented a potentially more severe slowdown in the first quarter. The mainland economy expanded 6.1 percent in that period, the slowest pace in ten years. Goldman Sachs, Barclays and UBS have also recently raised their China forecasts.
