Keep your eyes on the release of latest economic data from China due Monday, which will show the extent to which the coronavirus has ravaged the country’s economy.
Industrial output, investment and retail sales are
all forecast to show an across-the-board contraction for the first time
on record.
Figures for January-February are released on a
combined basis to account for the normal seasonal swings around the
Lunar New Year holiday.
“The current consensus of 4% GDP growth in the
first quarter will be under pressure after the data,” said Larry Hu,
Macquarie’s chief economist for China. “The bad news is the recovery has
been slower than expected, while the good news is that it’s still
recovering.”
https://seekingalpha.com/news/3551800-china-data-set-to-show-record-contraction
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