EMERGING MARKETS WEEKLY BY LLOYDS TSB

This week’s raft of Chinese data has the potential to unsettle global markets with Q4 GDP and December PPI and CPI all released on Thursday.

This week’s raft of Chinese data has the potential to unsettle global markets with Q4 GDP and December PPI and CPI all released on Thursday. With industrial production and fixed investment slowing, annual GDP growth is forecast to have moderated from 9.6% to 9% (market consensus 9.4%). If realised, this would be the lowest outturn since Q2 2009. In our view, facing strong inflationary pressures, the moderation in growth would be a welcome outcome for the authorities.

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