Goldman Sachs expects China's GDP to grow 5.5% in 66 after economic data was stronger than expected.
On January 18, 2566, Bloomberg NewsReportedly, Goldman Sachs Group Inc. raised its forecast for China's gross domestic product (GDP) growth in 2566 after the government reported stronger-than-expected economic data and a rapid recovery.
Economists forecast the economy will expand 5.5% this year, up from 5.2% previously, with official data released earlier in the day showing the economy expanded 2.9% in the fourth quarter from a year earlier. That was higher than the 4% expansion expected by economists, the monthly indicator for retail sales. industrial production And unemployment in December was also better than analysts expected.
Goldman economists say “Surprisingly, the official data for December is no worse. due to rising Covid infections and widespread labor shortages this month.”
Economists including Lisheng Wang said demand for medicines and medical devices may help boost the data in the fourth quarter.
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