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.
