November 2, 2022

BEIJING — Barclays cut its forecast for China’s economic growth next year to 3.8%, based partly on expectations of a drop in global demand for Chinese goods.

The firm’s U.S. and European economics teams forecast recessions next year, Barclays’ Hong Kong-based Jian Chang and Yingke Zhou said in a report Wednesday.

As a result, they now expect China’s exports to drop by 2% to 5% in 2023, versus previous expectations for 1% growth, the report said.

Read more:

https://www.cnbc.com/2022/11/04/barclays-cuts-china-gdp-after-forecasting-us-europe-recession.html