![](https://i.imgur.com/CLvY2jA.png")
19-12-2022, 07:06 PM
https://www.cnbc.com/2022/12/14/morgan-s...casts.html
Morgan Stanley upgrades its 2023 growth outlook for China, expects stronger and earlier rebound
Morgan Stanley raised its forecast for China’s gross domestic product in 2023 to 5.4% from its previous outlook of 5%.
Foreign exchange traders now have more incentive to convert the U.S. dollar to Chinese yuan, especially before the Chinese New Year when they need to pay wages and bonuses, economists said.
Morgan Stanley upgrades its 2023 growth outlook for China, expects stronger and earlier rebound
Morgan Stanley raised its forecast for China’s gross domestic product in 2023 to 5.4% from its previous outlook of 5%.
Foreign exchange traders now have more incentive to convert the U.S. dollar to Chinese yuan, especially before the Chinese New Year when they need to pay wages and bonuses, economists said.
