Goldman Sachs cuts China growth forecast, citing spread of delta variant
Goldman Sachs has cut its 2021 China growth forecast, citing the fast spread of the highly contagious delta variant of the coronavirus that causes COVID-19, though the bank expects a rebound later in the year.
Goldman slashed its third-quarter real gross domestic product forecast to 2.3% from 5.8%, but lifted its fourth-quarter growth forecast to 8.5% from 5.8%, leaving the full-year 2021 projection at 8.3% from a previous 8.6%.
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