China’s Q1 GDP estimate cut to -9% vs. +2.5% previous – Goldman Sachs

Dhwani Mehta FXStreet

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.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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