Goldman Sachs Becomes Latest Firm to Cut China Growth Forecast
Goldman Sachs is out with a new report tonight in which they note that China is likely to grow slower than many anticipate. The note authored by Li Cui cuts expected GDP growth for the world’s second largest economy from 7.8% to 7.4% for the year. Further details below.
China GDP Forecasts
We are cutting our China growth forecasts for 2013 and 2014, on the account of soft cyclical signals and recent tightening of financial conditions.
Read More: http://economicrisis.com/goldman-sachs-becomes-latest-firm-to-cut-china-growth-forecast/10472