In March China showed a sharp recovery in industry while maintaining a deep failure in trade:
- Industry: -1.1% yy (expected -7.3% yy)
- Retail sales: -15.8% yy (expected -10.0% yy)
- Investments (from the beginning of the year): -10.8% yoy vs -8.6% in January-February
The data published today on China's GDP for the 1st quarter turned out to be slightly worse than forecasts (a decrease of 6.8% year-on-year).
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The dynamics of the development of the Chinese economy due to the negative impact of the coronavirus pandemic from January to March inclusive turned out to be negative for the first time since 1992 - in the first quarter China's GDP fell by 6.8%. This was reported on Friday by The National Bureau of Statistics (NBS) of China.
Such dynamics give us a signal that it will be quite difficult for other countries to restart their economies.
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Trade with the Fibo Group!
#fibogroup #forex #forexnews #economy #finance #trader #crisis #China #GDP
- Industry: -1.1% yy (expected -7.3% yy)
- Retail sales: -15.8% yy (expected -10.0% yy)
- Investments (from the beginning of the year): -10.8% yoy vs -8.6% in January-February
The data published today on China's GDP for the 1st quarter turned out to be slightly worse than forecasts (a decrease of 6.8% year-on-year).
=======
The dynamics of the development of the Chinese economy due to the negative impact of the coronavirus pandemic from January to March inclusive turned out to be negative for the first time since 1992 - in the first quarter China's GDP fell by 6.8%. This was reported on Friday by The National Bureau of Statistics (NBS) of China.
Such dynamics give us a signal that it will be quite difficult for other countries to restart their economies.
=====
Trade with the Fibo Group!
#fibogroup #forex #forexnews #economy #finance #trader #crisis #China #GDP
