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China’s growth to lose momentum in 2024: Deutsche Bank IPB

Christian Nolting and Stefanie Holtze-Jen, Deutsche Bank IPB

Deutsche Bank International Private Bank (IPB) expects China’s growth to lose momentum in 2024, and has lowered its GDP growth forecast from 5.3% to 5%. Christian Nolting, global CIO at Deutsche Bank IPB, cited unresolved energy supply issues, a structurally weak construction sector, a rapid rise in local government debt, and US sanctions, as the factors behind the German bank’s…

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