Goldman Sachs trim its forecast for China's 2024 growth a litte, to 4.9% (from 5.0)
Goldman Sachs lowered its forecast for China's 2024 growth to 4.9% from 5.0%.This follows the poor data yesterday:GDP missed estimates, quite badly, for both q/q and y/yGS offered up some advice the the Chinese government, saying more easing is needed for the rest of 2024, and further fiscal support and property/housing market support. This article was written by Eamonn Sheridan at www.forexlive.com.
Goldman Sachs lowered its forecast for China's 2024 growth to 4.9% from 5.0%.
This follows the poor data yesterday:
GDP missed estimates, quite badly, for both q/q and y/y
GS offered up some advice the the Chinese government, saying more easing is needed for the rest of 2024, and further fiscal support and property/housing market support. This article was written by Eamonn Sheridan at www.forexlive.com.
