Major Banks and Financial Institutions Release Economic Growth Estimates

According to Jin10, several major banks and financial institutions have released their economic growth estimates. UOB predicts a decrease of 0.2%, while RBC and Standard Chartered both forecast an increase of 1.3%. Dekabank expects a growth of 1.6%, and Lloyds Bank anticipates a rise of 1.8%. Nomura Securities, Commerzbank, and Moody's Analytics all project a 2.0% growth. ANZ and Stifel Investment Bank forecast a 2.2% increase, as do Pantheon Macroeconomics, S&P Ratings, TD Securities, UBS, and BMO. ABN AMRO, Bank of America, Mizuho Securities, UniCredit, and Morgan Stanley all estimate a 2.4% growth. Julius Baer and JPMorgan Chase predict a 2.5% increase, while Capital Economics and Citigroup expect a 2.6% rise. Barclays also forecasts a 2.6% growth. HSBC Holdings and ING project a 2.7% increase, with Wells Fargo and BNP Paribas estimating a 2.8% growth. Deutsche Bank also anticipates a 2.8% rise. Scotiabank predicts a 3.0% growth, Goldman Sachs expects a 3.3% increase, and Société Générale forecasts a 3.9% rise. The previous data showed a growth of 0.5%, while Reuters had expected a 2.3% increase.