Goldman Sachs: China may end Covid Zero policy before April (earlier than widely expected)

Goldman Sachs says:

• China may end its Covid Zero policy before April -- earlier than widely expected - forecasts a 30% probability of China reopening before the second quarter of 2023
• some chance of a “disorderly” exit
• “The central government may soon need to choose between more lockdowns and more Covid outbreaks,”
• Local governments have struggled to “balance quickly” controlling the spread of the virus while obeying recent measures mandating a more targeted approach

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GS add that it still sees a Q2 exit from Covid Zero as having the highest chance of happening -- around 60%

Earlier:

• COVID - Protests erupt across China: "Step down, Xi Jinping! Step down, Communist Party!"

eur EUR The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value Read this Term