Bloomberg Television
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China GDP Forecasts Slashed as Lockdowns Hit Growth
Posted
May 20, 2022
Views
14,607
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134
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46
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1.23%
May 20, 2022
14,607
134
46
1.23%
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2:44Now PlayingEconomist one after another have started cutting their forecasts for China's full-year growth as the country fights the Covid-19 outbreak. Goldman Sachs Group Inc. economists cut their GDP forecast to 4% from 4.5%, Citigroup Inc. economists downgraded it to 4.2% from 5.1%. Standard Chartered economists cut it to 4.1% from 5%. And Bloomberg Economics' Chang Shu explains why her team was more severe as they expect to see growth of just 2%, down from 3.6%. She speaks on "Bloomberg Markets: Asia."
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