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Trading news
17 Mar 2020
China’s Q1 GDP estimate cut to -9% vs. +2.5% previous – Goldman Sachs
After downgrading the US GDP growth forecasts on Sunday, the Goldman Sachs economists cut China Q1 2020 as well as full-year growth estimates, in light of the coronavirus-led economic disruptions.
Key quotes
Q1 GDP estimate for China slashed to -9% YoY from +2.5% previously.
China's full-year 2020 GDP growth forecast cut to 3% from 5.5% previously.