The US-based Fitch Ratings came out with its economic assessment report on the Chinese economy, in light of the coronavirus pandemic. Key takeaways Much of China’s coronavirus policy response is still pending. Expect activity to remain weak through first half of year, and for full-year growth to dip below 2% in 2020, from 6.1% in 2019. Projects China’s fiscal deficit will rise to 8% of GDP this year, from 5.8% in 2019. AUD/USD sidelined below 0.6250 AUD/USD keeps its range play intact below 0.6250, little affected by the gloomy Chinese growth prospects, as the risk-on market mood underpins. 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 Coronavirus update: Spain’s tally shows new infections and deaths slow on Thursday FX Street 2 years The US-based Fitch Ratings came out with its economic assessment report on the Chinese economy, in light of the coronavirus pandemic. Key takeaways Much of China’s coronavirus policy response is still pending. Expect activity to remain weak through first half of year, and for full-year growth to dip below 2% in 2020, from 6.1% in 2019. Projects China’s fiscal deficit will rise to 8% of GDP this year, from 5.8% in 2019. AUD/USD sidelined below 0.6250 AUD/USD keeps its range play intact below 0.6250, little affected by the gloomy Chinese growth prospects, as the risk-on market mood underpins. 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.
