Banks Expect China GDP In 6.4 To 6.8% Range

October 16, 2015 Share Print 0

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.

via CNBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.