Goldman Sachs sees further turbulence ahead for the Chinese economy as the recovery from its stringent Covid measures continue to disappoint.
Goldman Sachs cut its forecasts for China's full-year gross domestic product from 6% to 5.4%.
The latest revision from Goldman Sachs follows the likes of UBS, Bank of America and JPMorgan who have all downgraded their China full-year GDP estimates.In this articleAerial photo shows the traffic flow on a viaduct in Nanjing, East China's Jiangsu Province, June 16, 2023. Goldman Sachs became the latest Wall Street bank to downgrade its growth forecast for China, as the world's second-largest economy stutters and loses momentum after its coronavirus reopening.
The investment bank cut its full-year gross domestic product forecast for 2023 from 6% to 5.4%, noting further turbulence ahead for the economy. The recovery from its stringent Covid-19 lockdown measures continue to disappoint through
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
TipRanks reveals the top 10 Wall Street industrial sector analystsTipRanks' analyst ranking service ranks the top Wall Street firms of the past decade.
Leer más »
Secretary Blinken Visits Beijing, Talks with Chinese Foreign MinisterSecretary of State Antony Blinken became the first American cabinet-level official to visit China since 2019 this weekend. See potential bias and similarities in coverage from guardian, WSJ, and DailyMail:
Leer más »
Trader got insider info while playing drunk squash with ex-Goldman execA trader says he got insider info from an ex-Goldman Sachs exec while playing drunk squash
Leer más »
Pixar's Next Sci-Fi Movie Is Telling Exactly The Opposite Story To WALL-EWALL-E tells a fascinating tale of a robot sent to Earth, and it looks like Pixar's next science fiction movie is telling the complete opposite story.
Leer más »
Locals Speak Out After Naval Base Erects Wall to Prevent Stray BulletsA retired teacher in Gulfport, Mississippi, said, “I don’t like walls that separate people. I feel that people should be able to live together without having a barrier.”
Leer más »