Morgan Stanley expects China’s seasonally adjusted real GDP to grow by about 7.5% in Q1 on quarter
MACRO VIEWS & ANALYSIS
Morgan Stanley expects China’s seasonally adjusted real GDP to grow by about 7.5% in Q1 on quarter
MACRO VIEWS & ANALYSIS

Morgan Stanley expects China’s seasonally adjusted real GDP to grow by about 7.5% in Q1 on quarter

 

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Morgan Stanley expects strong rebound in Chinese economy in the first quarter of 2023, saying that the country’s seasonally adjusted real GDP is expected to grow by about 7.5% from the previous quarter.

China’s February manufacturing PMI rose by 2.5 percentage points to hit 52.6 in February, exceeding expectations of Morgan Stanley and the market consensus, mainly due to a more widespread improvement in demand and further normalization of the supply chain after the Lunar New Year holiday, the bank said in a research note. 

Morgan Stanley believes the scope of recovery in China expanded in February, the pace of supply chain normalization accelerated, and demand remains strong in a favorablegrowth environment driven by services, consumption, and accelerated infrastructure projects.