FXStreet reports that in light of growing China coronavirus economic risks, Goldman Sachs analysts made a downward revision to the Chinese growth forecast for 2020

• China's 2020 GDP forecast lowered to 5.2% vs. 5.8% previous.

• The downgrade reflects a sharp deterioration in Q1 activity.

• But points to high degree of uncertainty surrounding this growth revision.

• Will review its forecast as developments evolve.

• Need to gauge the size of the economic drag from the virus outbreak.

• Remain overweight on EM currencies, also overweight in JPY as a hedge for risk-off sentiment during this time.