New Overnight Developments Abroad - Daily Update
Chinese Data Fail to Dispel Concerns about World’s Second Largest Economy
July 17, 2023
Although mixed relative to analyst expectations, a large batch of Chinese economic data released today signals a need for additional fiscal and monetary policy support if the Xi government’s 5% growth target is to be met. Real GDP expanded at a 0.8% quarterly pace last quarter, which was just of a third as strong as […] More
