More on JP Morgan and UBS both slashing their forecasts for Chinese economic growth

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Earlier posts are here:

UBS citing:

  • economy will likely rebound in Q3 and Q4 with the Chinese government refining lockdown restrctions, including reducing disruptions to transport and supply chains
  • but the easing will be as quick as that in 2020 given the nature of the omicron variant

JPMorgan

  • “Given the high transmission rate of omicron and low efficacy of vaccines in reducing infections, China will need to continue high-pressure restrictions unless it tolerates herd immunity or introduces more effective vaccines,”
beijing 23 May 2022

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