Goldman Sachs has updated its Asia macroeconomic forecasts to reflect the impact of the sharp rise in energy prices during the Iran conflict.The broker has raised its inflation forecast for the overall Consumer Price Index (CPI) in Asia by 0.3-1.2 ppts and lowered China's real Gross Domestic Product (GDP) growth forecast by 0.1 ppt. It has also reduced the growth forecasts for most Asian economies by 0.3-0.5 ppts.
AASTOCKS Financial News