Goldman Sachs and Nomura both cut China's GDP outlook, again - CNBC
8/18/2022 12:00:00 AM3 years 6 months ago
by Jihye Lee
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]
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