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China’s Growth Forecasts Cut as Covid Lockdowns Spread

  • Natixis says 1Q GDP growth rate will be cut by 1.8 points
  • Vegetable prices in Shanghai increase as restrictions roll out
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China's Covid Lockdown in Shanghai to Cool Oil Demand
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China’s economy is coming under strain because of an escalating Covid outbreak, with economists warning of a deeper slowdown if lockdowns in Shanghai and elsewhere continue to expand.