Read full post at forexlive.com
Goldman Sachs has cut its forecast for 2022 China GDP to 4% from 4.5% y/y
Goldman Sachs says it assumes:
The Chinese government’s forecast for GDP growth this year is ‘around 5.5%’
ps. Love this from GS a little further on in the note. The economists at GS say the government could hit its growth target if it uses “statistical smoothing.”
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This is worth a shot. The next time you come home drunk tell your wife you are not drunk when its ‘statistically smoothed’.
(please excuse my gender specificity, I’ll go stand in the naughty corner for a while)