Goldman Sachs raises China's 2008 inflation forecast (Feb 24)

www.chinaview.cn  2008-02-24 23:43:47     
 
    BEIJING, Feb. 24 (Xinhua) -- The U.S. investment bank Goldman Sachs has lifted forecast of China's inflation this year to 6.8 percent from 4.5 percent in light of the rapid growth in money supply.

    Liang Hong, the bank's chief China economist, said in a recent research report that inflation may continue accelerating in the short term and rise by double digits in some coming months.

    The bank also raised forecast for China's inflation next year to 3 percent from 2.5 percent.

    For more reading: http://news.xinhuanet.com/english/2008-02/24/content_7662100.htm