Goldman Sachs and Nomura see limited prospects amid a power supply crunch and growing economic uncertainty Two of the world’s biggest investment banks have slashed China’s economic growth forecast. Goldman Sachs and Nomura both cited Covid-related lockdowns which curbed business and consumer activity in July. Japanese financial holding company Nomura, which continues to maintain one of the lowest estimates for China’s growth, reduced its projection for gross domestic product growth to 2.8% from 3.3%. Meanwhile, Wall Street bank Goldman Sachs lowered its 2022 full-year forecast to 3.0% from 3.3%. The financial majo
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