The latest Reuters poll of 47 economists showed that the Chinese economy is likely to expand at a record pace of 19% in the first quarter of 2021, courtesy of a recovery in domestic demand and policy support. Key findings “While the reading will be heavily skewed by the plunge in activity a year earlier, the expected jump would be the strongest since at least 1992, when official quarterly records started.” “It would also signal the world’s second-largest economy has continued to gain momentum, after a 6.5% expansion in the last quarter of 2020.” “The poll also showed economic growth for 2021 is expected to be 8.6%, quickening from the previous year’s 2.3% pace to the strongest performance in a decade, and slightly higher than January’s forecast of 8.4%.” “Consumer inflation will likely to slow to 1.6% in 2021 from 2.5% in 2020, but it could pick up to 2.3% in 2022.” 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 struggles for direction, still targets 1.2000 FX Street 2 years The latest Reuters poll of 47 economists showed that the Chinese economy is likely to expand at a record pace of 19% in the first quarter of 2021, courtesy of a recovery in domestic demand and policy support. Key findings "While the reading will be heavily skewed by the plunge in activity a year earlier, the expected jump would be the strongest since at least 1992, when official quarterly records started." "It would also signal the world's second-largest economy has continued to gain momentum, after a 6.5% expansion in the last quarter of 2020." "The poll also showed economic growth… 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.
