Goldman says China to miss GDP target on oil shock as World Bank slashes growth for big importers

March 09, 2022 12:34 PM

HONG KONG (BLOOMBERG, REUTERS) – China is on course to miss its economic growth target by 1 percentage point this year as spiking oil prices, fuelled by Russia’s invasion of Ukraine, weigh on the world’s second-largest economy, Goldman Sachs said.

Source : https://www.straitstimes.com/business/economy/goldman-says-china-to-miss-gdp-target-on-oil-shock-as-world-bank-slashes-growth-for-big-importers