Reported 3 days ago
Goldman Sachs has revised its GDP growth projections for China to 4% in 2025 and 3.5% in 2026, down from 4.5% and 4.0%, respectively, attributing the changes to the significant impact of increased U.S. tariffs on Chinese imports. The investment bank expects that while the Chinese government will likely respond with policy easing measures, these will not be sufficient to fully counteract the tariffs' negative effects on the economy and labor market.
Source: YAHOO