forex forum binary options trade - Forex - JPMorgan cuts China growth estimates
  • Welcome to forex forum binary options trade. Please login or sign up.

JPMorgan cuts China growth estimates

Started by forex4you, Sep 02, 2022, 03:58 pm

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.


JPMorgan cuts China growth estimates

<p>Another lockdown in China hurt copper prices this week and the worries continue to mount.</p><p>JPMorgan now sees 2022 growth at 3.0% from 3.2%. For 2023 they see 4.6% compared to 5.1% previously.</p><p>I'd still put risks to the downside on those numbers. Property-fuelled construction growth was the keystone of Chinese growth for a long time. There will be more infrastructure spending but the tide is going out on apartments/condos. Where that ends is tough to predict but the pendulum hasn't stopped swinging yet. </p><p>This week Country Garden Holdings, which for years ranked as the top developer in China in terms of sales had this to say: </p><p>"All these exert mounting pressure on all participants in the property
market, which has slid rapidly into severe depression."</p><p>There's also still no light at the end of the tunnel on covid-zero policies. A lot of narratives hang on the People's Congress and what will come afterwards. That starts October 16 and may overshadow everything else on the economic calendar for the remainder of the year.</p>

This article was written by Adam Button at

Source: JPMorgan cuts China growth estimates
Forex4you offers wide range of trading accounts with DDE, NDDE and STP executions including more than 100 instruments. Forex4you is based on MetaTrader 4 trading platform. Clients have the advantage of daily technical and fundamental analysis, one-click trading, economic calendar, mobile trading applications, news and forecasts from Dow Jones (UK) and signals from Trading Central (US). In addition, Forex4you offers Forex dictionary, educational materials and lot of "How to" guides about Forex. Forex  beginners-guide-to-iq-option-complete-review forex4you review forex4you Forex4you Review - One of the Best Forex Brokers Forex4you Review - One of the Best Forex Brokers forex4you - PAMM forex broker review and feedback from traders  Affiliate programs  Forex4you Affiliate programs