Goldman Sachs cuts China 2022 growth estimate to 4.3% on Omicron covid woes

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Goldman Sachs cuts China 2022 growth estimate to 4.3% on Omicron covid woes
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Goldman Sachs cuts China 2022 growth estimate to 4.3% on Omicron covid woes China GDP Coronavirus Banks EconomicIndicator

Key highlights “The downgrade from the bank’s previous projection of 4.8% incorporates a 0.9 percentage point drag from Covid-related restrictions, which will be partly offset by monetary and fiscal easing.”

“See a rebound in the following three months, assuming that outbreaks can be controlled more easily after the winter months and as booster vaccinations are more widely deployed.” Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

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