UBS, JPMorgan Cut China 2022 Growth Forecasts on Covid Zero

Bloomberg

UBS Group AG and JPMorgan Chase & Co. downgraded their forecasts for China’s economic growth this year after activity in April was crushed by Covid-related restrictions, creating an even tougher uphill battle for the world’s second-largest economy.

#economy #ubs #uphillbattle #jpmorgan

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UBS has slashed its forecasts for China economic growth also

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