Financial giants slash China’s GDP outlook
Aug 20th 2022 2:14am EDT
Goldman Sachs and Nomura see limited prospects amid a power supply crunch and growing economic uncertainty Two of the world’s biggest investment banks have slashed China’s economic growth forecast. Goldman Sachs and Nomura both cited Covid-related lockdowns which curbed business and consumer activity in July. Japanese financial holding company Nomura, which continues to maintain one […]
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