Goldman Sachs cuts its China 2021 GDP forecast amid the energy crunch
9/28/2021- 8:43 a.m.
Goldman Sachs CUTS its China 2021 GDP forecast amid the energy crunch!
“Significant downside pressures” will make the Chinese economy grow SLOWER next year – down from 8.2% to 7.8%, according to the projection.
Some 44% of the country’s industrial activity has been affected by the power crisis, Goldman Sachs estimates.
