Goldman Cuts China GDP To 4.3%

Goldman Sachs has revised its earlier economic growth forecast for china to 4.3% for FY22 from 4.8% due to the fresh restriction imposed on business activity to control the spread of omicron variant of the COVID.

According to Hui Shan, Goldman Sachs analysts, consumption will have the most effect due to the restriction while exports will have less effect due to the limited effect on the supply chain.

Hui thinks Chinese authorities could announce a GDP forecast of 5% during the March meet, and to narrow down the gap between the actual GDP and the target growth, Beijing could deploy more stimulus.

Source: Goldman Sachs | Press Releases

5 views0 comments