ShippingWatch

Goldman Sachs projects even lower growth in China

ShippingWatch has asked three major banks to offer up financial forecasts for the global growth engine, China. We start in New York, where Goldman Sachs has just lowered its expectations for the country’s economy over the next three years. This spells bad news for dry bulk carriers in particular.

Photo: Greg Baker/AP Photo/Arkiv

NEW YORK

The global business sphere, the shipping industry and especially the dry bulk industry will need to prepare for several years of moderate growth in China.

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