Goldman Sachs and Nomura both cut China's GDP outlook, again - CNBC


8/18/2022 12:00:00 AM2 years 8 months ago
by Jihye Lee

The cuts represent continued pessimism among investment banks over Beijing's growth target of around 5.5%.

Goldman Sachs and Nomura downgraded their forecasts for China's growth, citing weaker demand, uncertainties stemming from zero-Covid policy and an energy crunch. Goldman Sachs lowered its 2022 full-… [+1933 chars]

full article...