Goldman Sachs today cut its 2015 GDP growth forecast from 7.6% to 7.1% but left its 2014 forecast of 7.3% unchanged, saying Beijing recognizes the 7.5% growth target is not sustainable in the long-run.
Using the classical three-factor GDP growth model, Goldman said “China’s potential growth would gradually slow to just over 7% over the next five years.”
The IMF says China will grow well above 7% in 2015.
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Using the classical three-factor GDP growth model, Goldman said “China’s potential growth would gradually slow to just over 7% over the next five years.”
The IMF says China will grow well above 7% in 2015.
Read more »
