Home China’s Q1 GDP estimate cut to -9% vs. +2.5% previous – Goldman Sachs
FXStreet News

China’s Q1 GDP estimate cut to -9% vs. +2.5% previous – Goldman Sachs

After downgrading the US GDP growth forecasts on Sunday, the Goldman Sachs economists cut China Q1 2020 as well as full-year growth estimates, in light of the coronavirus-led economic disruptions.

Key quotes

Q1 GDP estimate for China slashed to -9% YoY from +2.5% previously.

China’s full-year 2020 GDP growth forecast cut to 3% from 5.5% previously.

FX Street

FX Street

FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions.