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Goldman Sachs follows ADB cutting their forecast for #China’s economic growth in 2023. Cuts to for 2023 to 4.5% from 5.3%
Goldman said. “We continue to expect a sizable drag from the #property sector to GDP growth this year and beyond.”Nomura follows ADB cutting its #China economic growth forecast further, 2023 GDP projection now to 4.3% from 5.1%
The Asian Development Bank (ADB) on Tuesdays raised its growth forecast for developing Asia. Growth in developing Asia is forecast at 4.8% this year a
[See the full post at: Asian Development Bank says Upside risks to China’s Growth Outlook Outweigh Downside Risks]
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