China’s gross domestic product (GDP) growth could dip to 3.8% in the first quarter, marking a significant slowdown from the 6% growth registered in the final three months of 2019, according to UBS economists. The investment bank had previously forecasted a first-quarter growth rate of 5.9%. The economists have also revised lower the full-year GDP forecasts to 5.4% from 6% Many investment banks coronavirus outbreak to have a devastating impact on the economy and have revised lower their outlook for China. Analysts at Goldman Sachs have also revised lower the first-quarter GDP forecast to 4% from 5.6% and expects Chinese officials to counter the slowdown with a debt intensive stimulus. 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 PBOC sets Yuan reference rate at 6.9823 FX Street 2 years China's gross domestic product (GDP) growth could dip to 3.8% in the first quarter, marking a significant slowdown from the 6% growth registered in the final three months of 2019, according to UBS economists. The investment bank had previously forecasted a first-quarter growth rate of 5.9%. The economists have also revised lower the full-year GDP forecasts to 5.4% from 6% Many investment banks coronavirus outbreak to have a devastating impact on the economy and have revised lower their outlook for China. Analysts at Goldman Sachs have also revised lower the first-quarter GDP forecast to 4% from 5.6% and expects Chinese… 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.
