Nomura revises its 2012 GDP growth forecast for China to 8.2% from 7.9%, saying the economic...

|By:, SA News Editor

Nomura revises its 2012 GDP growth forecast for China to 8.2% from 7.9%, saying the economic prints for the year's first 2 months have been weak, but not as bad as the bank expected, and lower inflation leaves room for easier monetary policy. The revision is particularly noteworthy given Nomura's earlier prediction of a 33% chance of a hard landing.