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Pictet WM downgrades China GDP growth to 5.6%

Pictet Wealth Management has downgraded China’s 2020 GDP growth forecast from 5.9% to 5.6%, in view of the extensive disruptions to the economy. “The recent eruption and rapid spread of the novel coronavirus (2019-nCoV) epidemic in China has prompted the government to take some radical measures, which are causing extensive disruption to economic activities throughout the country,” the wealth manager…

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