FOREXLIVEGoldman Sachs lowered its forecast for China's 2024 growth to 4.9% from 5.0%.
This follows the poor data yesterday:
GDP missed estimates, quite badly, for both q/q and y/y
GS offered up some advice the the Chinese government, saying more easing is needed for the rest of 2024, and further fiscal support and property/housing market support.
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