Goldman Sachs Asset Management downgrade to economic growth projection for China

2020 growth forecast to 5.2%

  • from previously at 5.8%

Citing:

  • sharp deterioration in Q1 activity due to the virus outbreak

GSAM says they have higher uncertainty surrounding this revision, will review as developments evolve

  • "Monitoring high-frequency data series can help us gauge the size of the economic drag of the viral outbreak both in secondary and tertiary industries"