Goldman Sachs lowers China's actual GDP growth forecast for this year to 4.7% due to rising energy prices caused by the war

According to foreign media reports, Goldman Sachs has lowered its forecast for China's real GDP growth this year from 4.8% to 4.7%; it has also downgraded the growth expectations for most Asian economies by 0.3 to 0.5 percentage points due to rising energy prices caused by the Iran war.

At the same time, the bank has raised its forecast for China's Consumer Price Index (CPI) this year to 0.9%; it expects that China will only cut interest rates once this year, by 10 basis points, whereas it previously predicted two rate cuts