Wall Street’s China Growth Pessimism Spreads as BofA Cuts View

[F-22Raptor]

A vast majority of global banks now expect China’s economy to grow less than 5% this year, with Bank of America Corp. the latest to slash its forecast, joining the likes of Goldman Sachs Group Inc. and JPMorgan Chase & Co.

The world’s second-biggest economy may expand by 4.8% this year, down from a previous forecast of 5%, according to a BofA report received Wednesday. Growth may slow further to 4.5% in the next two years, compared with an earlier estimate of 4.7%, the bank said.

 

[ety]

Why would China care that much about American Wall street forecasts ? US is heading to a recession right not exactly better.

 

[F-22Raptor]

Why would China care that much about American Wall street forecasts ? US is heading to a recession right not exactly better.

The US isn’t heading for recession. The US is growing 2-3% this year.

Chinas growth is slowing to the point it will barely be outgrowing the US by the end of the decade.

 

[ety]

The US isn’t heading for recession. The US is growing 2-3% this year.

Chinas growth is slowing to the point it will barely be outgrowing the US by the end of the decade.

Is the US headed for a recession?

The unexpected rise of US unemployment rate to a nearly three-year high has shaken the market and split economists.

www.aljazeera.com

 

[F-22Raptor]

Is the US headed for a recession?

The unexpected rise of US unemployment rate to a nearly three-year high has shaken the market and split economists.

www.aljazeera.com

The US grew 3% in Q2. Current GDPNow forecast has US growth at 2% for Q3. The US isn’t anywhere near a recession.

 

[Nan Yang]

Wall Street wants a big stimulus from China.