China’s economic slowdown has passed its worst, in the opinion of economists at ANZ Bank. The economy will recover incrementally from Q1’s low. USD/CNY trades at 7.077. Key quotes “China’s Q1 GDP contracted 6.8% y/y, prompting us to revise lower our full year forecast for 2020 to 1.8% (previously +4.1%).” “We believe that a V-shaped rebound is technically feasible and is consistent with our revised forecast for China’s GDP growth at 7.9% in 2021.” “Even though the Chinese government is unlikely to change its stance in 2020, we prefer to think ahead of the curve and be vigilant about the policy direction.” 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 South Korea: Q1 GDP growth to have eased – Standard Chartered FX Street 2 years China’s economic slowdown has passed its worst, in the opinion of economists at ANZ Bank. The economy will recover incrementally from Q1’s low. USD/CNY trades at 7.077. Key quotes “China’s Q1 GDP contracted 6.8% y/y, prompting us to revise lower our full year forecast for 2020 to 1.8% (previously +4.1%).” “We believe that a V-shaped rebound is technically feasible and is consistent with our revised forecast for China’s GDP growth at 7.9% in 2021.” “Even though the Chinese government is unlikely to change its stance in 2020, we prefer to think ahead of the curve and be vigilant about the… 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.
