Several major international investment banks have slash growth estimates for China to between 2.8 and 3.3 per cent. Photo: Reuters
Several major international investment banks have slash growth estimates for China to between 2.8 and 3.3 per cent. Photo: Reuters
China GDP

China’s GDP growth forecasts slashed as coronavirus, a property sector slump and heatwaves erode economic recovery

  • Global investment banks Standard Chartered, Goldman Sachs and Nomura have all cut their 2022 economic growth forecasts for China
  • New coronavirus outbreaks and downward pressure on the real estate market are chief reasons China’s economic recovery is losing steam

Several major international investment banks have slash growth estimates for China to between 2.8 and 3.3 per cent. Photo: Reuters
Several major international investment banks have slash growth estimates for China to between 2.8 and 3.3 per cent. Photo: Reuters
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