Analysts at Wells Fargo, now expect a significant hit to China’s Q1 GDP on the outbreak of the coronavirus. Key Quotes: “In addition to physical measures to contain the outbreak, Chinese authorities have also taken financial measures to support the economy, including lowering interbank interest rates and adding liquidity to money markets.” “We now expect GDP growth of just 5.1% year-over-year in Q1-2020, down from our previous forecast of 5.9% year-over-year. In sequential terms, that would equate to growth 0.5% quarter-over-quarter in Q1-2020, a sharp slowdown from the 1.5% quarter-over-quarter gain seen in Q4-2019. Over time and as the outbreak runs its course and policy measures offer some support to the economy, there should be some recovery in growth. Overall, we now forecast 2020 GDP growth of 5.5% (compared to 5.9% in mid-January), while we forecast 2021 GDP growth of 6.1% (compared to 5.9% in mid-January).” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD Price Analysis: Euro beras pressuring 1.1032 support FX Street 2 years Analysts at Wells Fargo, now expect a significant hit to China’s Q1 GDP on the outbreak of the coronavirus. Key Quotes: “In addition to physical measures to contain the outbreak, Chinese authorities have also taken financial measures to support the economy, including lowering interbank interest rates and adding liquidity to money markets.” “We now expect GDP growth of just 5.1% year-over-year in Q1-2020, down from our previous forecast of 5.9% year-over-year. In sequential terms, that would equate to growth 0.5% quarter-over-quarter in Q1-2020, a sharp slowdown from the 1.5% quarter-over-quarter gain seen in Q4-2019. Over time and as the outbreak… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
