Analysts at Goldman Sachs offer their outlook on the Chinese economy, in the face of its emergence from COVID restrictions.
Key quotes
“Expect a patchy to China’s economy, not like the stronger recovery in 2020.”
"The unsynchronized lockdowns and reopenings across major cities suggest that China’s ongoing post-lockdown growth recovery should be less steep than the V-shaped one in spring 2020."
Related reads
- Coronavirus Update: Beijing to gradually lift restrictions this week
- USD/CNH eyes to regain 6.6600 as China’s trade, covid optimism battles downbeat PMI
