Goldman Sachs trims China’s 2023 GDP forecast to 4.5%, keeps 3.0% growth expectations for 2022
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After a slew of negatives from the covid and the central bank actions, Goldman Sachs (GS) revised its China Gross Domestic Product (GDP) forecasts for 2023 to 4.5% versus 5.3% previous projections. Bloomberg quotes GS economists led by Hui Shan while stating, “This year’s prediction of 3% was maintained.”
The update also expects that Beijing will stick to its stringent Covid Zero policies through at least the first half of next year.
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