China’s Q4 GDP growth seen unchanged at 6.0% - Reuters poll
|According to 65 analysts surveyed by Reuters, China’s GDP growth rate is expected to have steadied in the fourth quarter, at its weakest in nearly three decades, in the wake of sluggish domestic and overseas consumption.
The Chinese Q4 and 2019 GDP data will be released on Friday at 0200 GMT. Also, in focus will remain on the country’s activity numbers.
Key Findings:
“The world’s second-largest economy is expected to have grown 6.0% in October-December from a year earlier, unchanged from the previous quarter’s pace, which was the slowest since 1992 - the earliest quarterly data on record.
Forecasts polled by Reuters ranged from 5.8% to 6.3% for the fourth quarter.
On a quarterly basis, growth likely stayed at 1.5% in Oct-Dec, also the same pace as in the preceding period.
Economic growth is expected to cool from 6.6% in 2018 to 6.1% in 2019 — the weakest in 29 years — and slow further to 5.9% in 2020.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.