14 Jul 2015
China 2 Q growth outlook downbeat - UOB
FXStreet (Guatemala) - Analysts at UOB group explained that the 2Q15 for China's growth outlook remains downbeat.
Key Quotes:
"China’s recent data releases continue to reflect the gripping impact of the downdraft from “new normal” environment. Data for manufacturing, external trade and investment in Apr-May largely point to a sub- 7%y/y GDP growth rate for 2Q15, despite the fact that 1Q15 managed to turn in a surprisingly strong 7%y/y reading.
"Since the beginning of 2Q15, data releases have not shown much improvement. These are largely attributed to both weak external demand, and domestic factors of “new normal”. Given these data, we expect 2Q15 GDP growth rate to run at the 6.8%y/y pace, below that of 7% in 1Q15."
Key Quotes:
"China’s recent data releases continue to reflect the gripping impact of the downdraft from “new normal” environment. Data for manufacturing, external trade and investment in Apr-May largely point to a sub- 7%y/y GDP growth rate for 2Q15, despite the fact that 1Q15 managed to turn in a surprisingly strong 7%y/y reading.
"Since the beginning of 2Q15, data releases have not shown much improvement. These are largely attributed to both weak external demand, and domestic factors of “new normal”. Given these data, we expect 2Q15 GDP growth rate to run at the 6.8%y/y pace, below that of 7% in 1Q15."