Goldman Sachs trims China’s 2023 GDP forecast to 4.5%, keeps 3.0% growth expectations for 2022 – by anilpanchal7 China RiskAppetite Banks Growth Coronavirus
2023 to 4.5% versus 5.3% previous projections. Bloomberg quotes GS economists led by Hui Shan while stating, “This year’sThe update also expects that Beijing will stick to its stringent Covid Zero policies through at least the first half of next year.China is unlikely to begin reopening before the second quarter of next year as it tries to put several steps in place first, such as higher vaccination rates for elderly and increased manufacturing of cheap and effective Covid pills.
China is likely to experience a surge in infections upon a full reopening given the lack of infection-induced immunity and the high transmissibility of omicron If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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