S&P cuts its China GDP forecast for 2023 to 5.2% from 5.5% - expects uneven growth pace

Rating agency S&P Global has trimmed its forecast for economic growth in China in 2023 to 5.2% y/y

• Their prior estimate was 5.5%
• says recovery should continue but at an uneven pace

There have been plenty of other downward revisions:

• More from Goldman Sachs - reasons for slashing their China growth forecast

• ICYMI - Nomura slashes its forecast for China's 2023 GDP growth to 5.1% from 5.5%
• UBS revised down its China 2023 GDP growth forecast to 5.2%, from 5.7% previously