GDP figures showed that the Chinese economy contracted for the first time since China started publishing quarterly figures in 1992, per ABN Amro. Key quotes “Real GDP contracted by 6.8% YoY, and that was even more than consensus expectations including ours. On a quarterly basis, the economy shrank by 9.8% in Q1.” “We still expect the Chinese economy to show a rebound in the second quarter as the economy gradually normalises, but the strength of that recovery will be constrained by the collapse in global growth and trade that will hit China’s exports and related industrial activity. All in all, downside risks to our 2020 annual growth forecast of 3.0% have risen.” 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 XRP Price Analysis: XRP/USD pressure is back on after unsustainable aggressiver spike FX Street 2 years GDP figures showed that the Chinese economy contracted for the first time since China started publishing quarterly figures in 1992, per ABN Amro. Key quotes “Real GDP contracted by 6.8% YoY, and that was even more than consensus expectations including ours. On a quarterly basis, the economy shrank by 9.8% in Q1.” “We still expect the Chinese economy to show a rebound in the second quarter as the economy gradually normalises, but the strength of that recovery will be constrained by the collapse in global growth and trade that will hit China’s exports and related industrial activity. All in all,… 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.
