Morgan Stanley has lowered its prediction for China's GDP growth in 2022 to 4.2 percent.

Morgan Stanley, the US multinational investment bank and wealth management company, mentioned that "COVID-19 has entirely disrupted the economy, which has led to the cuts in GDP values."

April 26, 2022 - 10:33 AM 279 views

Morgan Stanley has lowered its prediction for China's GDP growth in 2022 to 4.2 percent.

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© Morgan Stanley has lowered its prediction for China's GDP growth in 2022 to 4.2 percent.

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Morgan Stanley, the US multinational investment bank and wealth management company, mentioned that "COVID-19 has entirely disrupted the economy, which has led to the cuts in GDP values." Hence, the analysts at Morgan Stanley have lowered their prediction for China's GDP growth in 2022 to 4.2 percent, matching the Bank of America and Nomura downgrades earlier this week. On Monday, they even slashed European GDP growth forecasts for the year 2022 and for the next year to 2.7 percent and 1.3 percent, respectively.

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