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JP Morgan: Upgrade China's 2025 GDP growth forecast

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2025-05-13 08:19:21
Zhu Haibin, chief China economist and head of economic research for Greater China at JPMorgan Chase, has revised his forecast for China's economic growth in 2025. Specifically, JPMorgan raised its forecast for full-year GDP growth in 2025 and raised China's GDP growth rate from the second quarter to the fourth quarter (quarter-on-quarter annualized growth rate) to 3%. In terms of monetary policy, Zhu Haibin maintained the forecast of the People's Bank of China cutting interest rates by 30 basis points and the RRR by 100 basis points in 2025 unchanged, believing that the central bank's monetary policy flexibility has increased. (Shanghai Securities Daily)
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