Goldman Sees China Rebound Coming as Covid Policy Fuels Optimism
- Economy to gain momentum after initial reopening impact passes
- Sentiment improves since Beijing tweaks Covid, property rules
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China’s move to ease the two biggest risks facing the economy -- Covid restrictions and a property slump -- is fueling optimism of a rebound in growth next year, prompting some economists to upgrade key forecasts.
Goldman Sachs Group Inc. said Thursday China’s gross domestic product growth will likely pick up in the second half of 2023 and into 2024 after the economy weathers the initial negative impact exiting its Covid Zero strategy in the spring.