May 19, 2022 - 02:16 PM 266 views
Goldman Sachs has lowered its China GDP forecast for
2022 to 4% from 4.5 percent YoY, and the Q2 estimate to 1.5 percent YoY from 4%
A one-year increase is forecast based on the assumption that COVID cases will remain under control and that the property market will likely improve.
The government improves its spending on infrastructure.
The Chinese government's prediction that the GDP growth for this year is close to 5.5
It’s highly crucial for the Chinese government to keep COVID under control and avoid harsh lockdowns, especially in the major economic hubs like Shanghai, Beijing, etc.
If the government makes use of "Statistical Smoothing," then the government will probably hit the growth target.
In challenging growth years, revisions to past
years' GDP or "deviations of current year's GDP growth from alternative
measurements of economic activity" might occur.