Goldman cuts first quarter GDP estimate for China, sees 9% contraction vs +2.5% earlier

[F-22Raptor]

(Reuters) - Goldman Sachs cut its estimate for China's first quarter gross domestic product to a year-on-year contraction of 9% from a previous forecast of 2.5% growth, citing "strikingly weak" economic data in January and February.

China's factory production plunged at the sharpest pace in three decades in the first two months of the year, data on Monday showed, as the coronavirus pandemic disrupted the world's second-largest economy.

With the pathogen spreading rapidly in other countries, growth outside of China is expected to slow significantly in the second quarter, with any recovery in Chinese economic activity likely to be constrained, Goldman wrote in a note on Tuesday.

https://www.reuters.com/article/us-...es-9-contraction-vs-2-5-earlier-idUSKBN2140PL

The Wuhan virus is shredding the ENTIRE global economy.

 

[Juggernaut_Flat_Plane_V8]

Wuhan Chinese Virus will be the end of humanity

 

[Juggernaut_Flat_Plane_V8]

Says an Indian shitting in public for the 11th time.

Doesn't change the facts though :-D -------------> This is the Wuhan Chinese Virus

 

[S10]

Doesn't change the facts though :-D -------------> This is the Wuhan Chinese Virus

So is AIDS the Gay American Disease? If not, it's just more low caste stupidity from you. We will value opinion from your kind when you move into an indoor toilet.

 

[Juggernaut_Flat_Plane_V8]

So is AIDS the Gay American Disease? If not, it's just more low caste stupidity from you. We will value opinion from your kind when you move into an indoor toilet.

you don't have to value my opinion..I will say according to the facts

 

[Han Patriot]

Wuhan Chinese Virus will be the end of humanity

Actually I think China should grab this chance to create a new trading system using Rmb. Our primary oil exporters are fighting an oil war with the US, the question is will Xi be brave enough to slit the American throat? Imagine 2 of the largest oil producers selling exclusively in RMB and the largest manufacturer China abandoning USD$. What will happen?....

 

[RoadRunner401]

you don't have to value my opinion..I will say according to the facts

Interesting, you have the facts, please enlighten us using non bias source?

 

[Viva_Viet]

Actually I think China should grab this chance to create a new trading system using Rmb. Our primary oil exporters are fighting an oil war with the US, the question is will Xi be brave enough to slit the American throat? Imagine 2 of the largest oil producers selling exclusively in RMB and the largest manufacturer China abandoning USD$. What will happen?....

Even when CN can control nCov, but CN economy will still collapse due to No one wanna let any Cnese in their countries without 14days quarantince.

No one buy Hwei 5G too.CN internal market also collapse cos only few Cnese buy houses, cars now.

 

[Han Patriot]

Even when CN can control nCov, but CN economy will still collapse due to No one wanna let any Cnese in their countries without 14days quarantince.

No one buy Hwei 5G too.CN internal market also collapse cos only few Cnese buy houses, cars now.

Well we are the only large producer now, guess where are you getting your masks ventilators and drug APIs? Nobody wants Chinese or we don't want anybody in our country now? We can close the door and we will still survive. We are the largest consumer n producer. Small countries like Vietnam will die.

 

[Viva_Viet]

Well we are the only large producer now, guess where are you getting your masks ventilators and drug APIs? Nobody wants Chinese or we don't want anybody in our country now? We can close the door and we will still survive. We are the largest consumer n producer. Small countries like Vietnam will die.

Profit from.mask is very very low, not, mentioning EU-US ppl rather die than buying CN mask,drug.

VN is still poor and we r just poorer abit, not a big problem for VN while CN GDP per cpt is 10000usd now, Cnese cant survive if they earn less than 1,000usd per month cos living cost in CN big cities is abt 800-900 per month...and its impossible for at least 600 million CN employee to earn that amount to survive now.

Thats why CN will also collapse pathetically

 

[ChineseTiger1986]

(Reuters) - Goldman Sachs cut its estimate for China's first quarter gross domestic product to a year-on-year contraction of 9% from a previous forecast of 2.5% growth, citing "strikingly weak" economic data in January and February.

China's factory production plunged at the sharpest pace in three decades in the first two months of the year, data on Monday showed, as the coronavirus pandemic disrupted the world's second-largest economy.

With the pathogen spreading rapidly in other countries, growth outside of China is expected to slow significantly in the second quarter, with any recovery in Chinese economic activity likely to be constrained, Goldman wrote in a note on Tuesday.

https://www.reuters.com/article/us-...es-9-contraction-vs-2-5-earlier-idUSKBN2140PL

The Wuhan virus is shredding the ENTIRE global economy.

And here is for the US.

https://markets.businessinsider.com...rus-recession-goldman-sachs-2020-3-1029018308

 

[Viva_Viet]

• A dollar profit a mask x 500mil....hmmm. Ppl rather die than buying Chinese drugs? Majority of 'US' drugs are made using Chinese APIs. I guess they shud spit it out. Lol

Well you are true, Vietnam is already poor as shit, you can't get shittier than shit righ. Hence, I agree 10k usd per capita will definitely suffer an income drop, but we would still be better than shit. Lol. Never seen such a person so proud of his shitty condition. I guess we Chinese need to travel less and eat less beef after this. Such a suffering.

Okay, I have to report mod cos u insult us. Hope u will not got long ban like Kai liu

@Dubious @waz insulting post.pls delete his post. thanksss

 

[Han Patriot]

Okay, I have to report mod cos u insult us. Hope u will not got long ban like Kai liu

@Dubious @waz insulting post.pls delete his post. thanksss

You are the person telling me you are shit poor and now you say I am insulting you. Dude you can't report ppl jus becoz you lost an argument.

 

[Viva_Viet]

You are the person telling me you are shit poor and now you say I am insulting you. Dude you can't report ppl jus becoz you lost an argument.

Kailiu got long ban when keep calling others is shjt.got it ? Dont try to break the forum rules...or u will be ban like Kailiu.

 

[+4vsgorillas-Apebane]

"May you live in interesting times"....

Challenges ahead but also opportunities and a time for reflection.