Bank of America has lowered its growth outlook for China.

◻️Bank of America has lowered its growth outlook for China, the world's second largest economy.

◼️Arguing that China's economic growth is unlikely to show any signs of recovery anytime soon, BofA has lowered its 2024 GDP growth forecast for China from 5% to 4.8%, and its forecasts for 2025 and 2026 from 4.7% to 4.5%.

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