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Goldman Sachs slashes China's GDP forecast due to limited stimulus space.

1 min read
Source: Financial Times
TL;DR

Goldman Sachs has reduced its economic growth forecasts for China due to the country's regulatory crackdown on tech companies and the property sector. The bank now expects China's GDP growth to be 7.8% in 2021, down from its previous forecast of 8.2%. The cutback is also due to the ongoing impact of Covid-19 and supply chain disruptions.

Topics:businessfinance#china#cutbacks#economic-growth#finance#forecasts#goldman-sachs
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  1. Live news: Goldman Sachs cuts back China economic growth forecasts  Financial Times
  2. Goldman joins Wall Street banks in cutting China's growth outlook as post-Covid bounce fades  CNBC
  3. Goldman Sachs have taken a knife to their China GDP forecasts: 5.4% for 2023 (6.0% prior)  ForexLive
  4. Goldman Sachs Cuts China GDP Forecast on Limited Stimulus Space  Bloomberg
  5. Goldman cuts China GDP forecast on limited stimulus space  The Straits Times
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