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

Earlier posts are here:

• JP Morgan downgrades China economic growth forecast, again. Project large contraction

• UBS has slashed its forecasts for China economic growth also

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,”