S&P cuts China 2022 GDP forecast, says emerging market growth to slow

LONDON : Coronavirus lockdowns have hit Chinese growth more than expected, ratings agency S&P said as it slashed its forecast for the second time in two months, while emerging market economies will slow in the second half of this year amid high inflation.

It said higher than expected first quarter growth in many countries meant its 2022 growth forecast for emerging market economies excluding China was unchanged at 4.1 per cent, but sounded a pessimistic note about the rest of the year and 2023. S&P also increased inflation forecasts for a sample of 15 emerging markets, to 7.1 per cent in 2022 and 4.1 per cent in 2023, from 5.9 per cent and 3.5 per cent in March and said it expected inflation to breach most central banks' targets until at least 2024 even as they tighten monetary policy faster.

Cant seem to open the link given in order to read the news..

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

China car retail sales up 28% in June 20-26 - China auto industry bodyBEIJING : Retail car sales in China jumped 28 per cent during June 20 to June 26 compared with the same period in May, data from the China Passenger Car Association (CPCA) showed.Sales of passenger vehicles in that period rose to 487,000 units, up 33 per cent from a year earlier, the association said on W
แหล่ง: ChannelNewsAsia - 🏆 6. / 66 อ่านเพิ่มเติม »