Salem Radio Network News Friday, August 14, 2026

Business

Goldman Sachs revises down China GDP growth forecasts, cites tariff effects

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HONG KONG (Reuters) -U.S. investment bank Goldman Sachs revised down its forecasts for China’s GDP growth to 4% in 2025 and 3.5% in 2026, from previous projections of 4.5% and 4.0% respectively, citing the negative effects of tariffs.

(Reporting by Farah Master and the Beijing newsroom; Editing by Clarence Fernandez)

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