Global markets will be on tenterhooks Monday awaiting the release of China’s third quarter gross domestic product (GDP) report, which is expected to show a continued deceleration in the world’s second largest economy.
While economists agree growth fell below 7 percent in the July-September period, down from 7 percent in both the first and second quarter, the magnitude of the slowdown remains a source of debate.
Nevertheless, a growth rate below 7 percent would mark the slowest pace of expansion since the first quarter of 2009 – during the depths of the global financial crisis – when the economy grew 6.2 percent.
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