International Business News: Global investment banks are reducing China’s economic growth forecasts after weak data for the second consecutive month that raised concerns about the
(Bloomberg) For the second straight month, a slew of disappointing economic data from China spurred investment banks around the world to cut their 2023 growth outlook.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeTrump Indictment Lays Out Sweeping Georgia Election PlotRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide:
Banks Slash China GDP Forecasts Again After Data Disappointment bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
MARKET WRAPS Stocks: European stocks traded lower on Tuesday in reaction to China cutting its 1- and 5-year lending rates by 10 basis points, which investors viewed to be modest. Read China Cuts Borrowing Rates Again in Bid to Juice Recover.