{"id":9135,"date":"2025-04-10T22:12:18","date_gmt":"2025-04-10T22:12:18","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/9135\/"},"modified":"2025-04-10T22:12:18","modified_gmt":"2025-04-10T22:12:18","slug":"goldman-sachs-cuts-china-gdp-growth-forecasts-citing-tariff-impact","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/9135\/","title":{"rendered":"Goldman Sachs cuts China GDP growth forecasts citing tariff impact"},"content":{"rendered":"\n<p class=\"yf-1090901\">HONG KONG (Reuters) -U.S. investment bank Goldman Sachs (<a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/GS\" data-ylk=\"slk:GS;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" target=\"_blank\" rel=\"noopener\">GS<\/a>) lowered its forecasts for China&#8217;s GDP growth to 4% in 2025 and 3.5% in 2026 in a report published on Thursday, from 4.5% and 4.0% previously, citing the effects of tariffs.<\/p>\n<p class=\"yf-1090901\">Goldman Sachs made the revision for the world&#8217;s No. 2 economy and second biggest provider of U.S. imports after U.S. President Donald Trump hiked the tariff on Chinese imports to 125% from the 104% level that kicked in on Wednesday.<\/p>\n<p class=\"yf-1090901\">Although additional tariff increases are likely to have a &#8220;diminishing marginal impact&#8221;, the substantial rise in US tariffs on China is expected to significantly weigh on the Chinese economy and labor market, Goldman said.<\/p>\n<p class=\"yf-1090901\">&#8220;We anticipate the Chinese government will further intensify policy easing, projecting 60bp of policy rate cuts (vs. 40bp previously).&#8221;<\/p>\n<p class=\"yf-1090901\">However, the report added that &#8220;even these significant easing measures are unlikely to fully offset the negative effects of the tariffs.&#8221;<\/p>\n<p class=\"yf-1090901\">Fitch, on April 3, cut China&#8217;s long-term foreign currency rating by one notch to &#8220;A&#8221; from &#8220;A+&#8221;, one year after it downgraded its outlook on China&#8217;s credit rating.<\/p>\n<p class=\"yf-1090901\">(Reporting by Farah Master and the Beijing newsroom; Editing by Clarence Fernandez and Janane Venkatraman)<\/p>\n","protected":false},"excerpt":{"rendered":"HONG KONG (Reuters) -U.S. investment bank Goldman Sachs (GS) lowered its forecasts for China&#8217;s GDP growth to 4%&hellip;\n","protected":false},"author":2,"featured_media":9136,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[51,1395,6203,1700,2792,6202,16,15],"class_list":{"0":"post-9135","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-china","10":"tag-chinese-imports","11":"tag-economy","12":"tag-goldman-sachs","13":"tag-president-donald-trump","14":"tag-uk","15":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114315968123656022","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/9135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=9135"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/9135\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/9136"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=9135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=9135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=9135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}