Wall Street banks Goldman Sachs , JPMorgan and Morgan Stanley all cut their China growth forecasts on Monday, after export growth slowed unexpectedly and on concerns that the resurgent coronavirus could crimp economic activity. JPMorgan reduced its quarter-on-quarter growth estimate for the third three months of the year to 2.0% from 4.3%, and trimmed its full-year forecast to 8.9% from 9.1%. Morgan Stanley lowered its quarterly forecast to 1.6%, while Goldman cut its estimate to 2.3% from 5.8% and to 8.3% versus 8.6% for the full year.
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