Goldman sees China's economy shrinking 9% in first quarter amid coronavirus outbreak
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BEIJING/SHANGHAI (Reuters) - Goldman Sachs said on Tuesday that China's economy will likely shrink 9% in the first quarter, underscoring how the coronavirus has disrupted normal business activities, while China reported an uptick in new cases of the disease, most of them imported. Goldman cut its estimate for China's first-quarter gross domestic product growth to a 9% contraction, from a previous forecast of 2.5% growth, citing "strikingly weak" economic data in January and February that was..