China's growth prediction for 2022 has been lowered to 4% YoY from 4.5 percent, according to Goldman Sachs

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% previously.

May 19, 2022 - 02:16 PM 266 views

China's growth prediction for 2022 has been lowered to 4% YoY from 4.5 percent, according to Goldman Sachs

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© China's growth prediction for 2022 has been lowered to 4% YoY from 4.5 percent, according to Goldman Sachs

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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% previously.

Key Quotes

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.

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