EIU lifts growth forecast for China, says US rate rise unlikely till late 2015
LONDON – In an update of its Global Forecast, the Economist Intelligence Unit has raised its forecast for 2014 real GDP growth in China to 7.3% from 7.2%. “Although economic figures have been soft of late, the Government recently set a surprisingly-high growth target of 7.5% for this year, suggesting that more stimulus may be on the cards to keep expansion at a respectable level,” the EIU says.