China forecast from Goldman Sachs: Growth rate may fall to 4.3 percent
Goldman Sachs analysts made remarkable statements about China, which is seen as the superpower of the future and whose economy is growing rapidly. Analysts changed their forecasts for the Chinese economy, which they expected to grow by 4.9 percent in 2024. Accordingly, China’s growth rate is estimated to fall to 4.3 in 2025.
China, known as the world’s fastest growing consumer market and the largest exporter of goods, saw a contraction in retail sales last month.
Slow and reluctant easing hits growth
“Policymakers’ slow and reluctant easing in the face of growth headwinds has allowed negative feedback loops to build in the economy, raising the cost of supporting demand and confidence,” Goldman Sachs analysts said.
Goldman Sachs stated that China’s reflation process may take longer than expected, estimating that its CPI and PPI will increase by 0.8 percent and 0.5 percent, respectively, in 2025.
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