(Bloomberg) — China’s disappointing economic growth data prompted several economists to downgrade their forecasts for the year, citing major weaknesses in the recovery and Beijing’s relatively subdued stimulus response. Most read from Bloomberg JPMorgan Chase & Co., Morgan Stanley and Citigroup Inc. were among the banks that cut their economic growth forecasts to 5% this…
(Bloomberg) — China’s economic recovery lost momentum in the second quarter, jeopardizing Beijing’s growth target for the year and raising concerns about a slowdown in the global economy. Most read from Bloomberg Gross domestic product grew at a slower than expected pace of 6.3% in the second quarter compared to a year earlier when dozens…
A look at the day ahead at Sonali Desai’s European and global markets China’s long-anticipated May trade data did little to deter markets that have become increasingly accustomed to the easing of momentum in the world’s second-largest economy, though it will fuel further speculation about stimulus from Beijing. For the record, exports showed a larger-than-expected…
A look at the day ahead at Sonali Desai’s European and global markets China’s long-anticipated May trade data did little to deter markets that have become increasingly accustomed to the weakening momentum in the world’s second-largest economy, although it will fuel further speculation about stimulus from Beijing. For the record, exports showed a larger-than-expected decline…