Barclays ratchets down 2013, 2014 growth forecasts for China

06/10/2013 | Forbes

Citing the latest disappointing economic data and an apparent high tolerance among China's new leaders for slower growth, Barclays Capital has lowered its forecast for growth in gross domestic product for the year to 7.4% from 7.9%. For 2014, Barclays also now projects 7.4% growth, down from an earlier forecast of 8.1%.

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