Goldman Rethinks Expectations for Asian Profits on Virus Outbreak
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Business
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University
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Hard
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The video discusses the economic impact of a crisis on China, predicting a severe impact in the first quarter with a recovery expected in the second quarter. China's growth is adjusted down from 5.9% to 5.5%, and further adjustments are made to earnings expectations for the region. The service sector is expected to be more affected than manufacturing due to the nature of demand recovery. The overall regional growth is projected to be around 8% with uncertainties remaining.
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2 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the expected full year growth for the regional numbers?
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What sectors are expected to be most affected by the economic impact?
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