# Macro fears stemming from China

By [orchid](https://paragraph.com/@orchid) · 2022-04-25

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Most commodity prices are trading sharply lower on Monday, April 25 because market participants express growing concerns over the Chinese economy due to a fresh Covid scare.

Despite China’s policy easing, Goldman Sach has revised lower its Q2 growth forecast to 2.0% qoq annualized from 5.0%previously.

![](https://storage.googleapis.com/papyrus_images/0515c3a56665ab3c97e7582e2e71af89b6b9e1969e6ee41cdda3ba539fe9991b.png)

We expect commodity prices to continue to come under pressure in the immediate term as traders adjust to a deteriorating macro picture. But fundamentally, we remain constructive and expect the bull run to resume later this year.

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*Originally published on [orchid](https://paragraph.com/@orchid/macro-fears-stemming-from-china)*