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
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.
Alfonso Esparza