Goldman flags China stimulus risk as growth slips further below target - Forex Factory
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Goldman flags China stimulus risk as growth slips further below target Forex Factory
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Goldman flags China stimulus risk as growth slips further below target
The desk posits that the ongoing slowdown in China’s economic growth, with Goldman Sachs projecting Q3 GDP near 4%, could keep pressure on the yuan and stifle any significant upside in Chinese equities. Per the full note from Goldman referenced in the research, the prevailing sentiment is that Beijing's looming policy response will likely be cautious and calibrated, preferring incremental adjustments over aggressive stimulus measures. As we head into August and September, we're likely to see heightened sensitivity to economic data releases, especially if they fail to indicate stabilization. Notably, the gap in growth forecasts underscores the uncertainty surrounding required fiscal support, which could heighten volatility in currency and equity markets.
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