China slowdown could have impact on world economy
Several major banks have cut their forecasts for the world’s second biggest economy after figures show its post-Covid bounce-back failed to materialise
Several major London banks last week cut their growth forecasts for China after the country’s latest efforts at spurring economic recovery fell flat.
China’s central bank cut one of its key interest rates for the second time in three months as the world’s second-largest economy struggled to rebound from the pandemic. Some analysts, though, viewed the move as inadequate.
UBS cut their growth forecasts for China from 5.2 per cent to 4.8 per cent this ...