Citing higher oil prices and supply-side constraints, Goldman Sachs Group Inc. on Tuesday cut its growth forecast for China and predicted inflation will accelerate in the world's second-largest economy. In addition, the U.S. investment bank lowered its outlook for the Asia region, excluding Japan. Goldman now forecasts China's gross domestic product will grow 9.4% this year and 9.2% in 2012, down from the previous forecasts of 10% and 9.5%, respectively.