Outlook. We lower our GDP forecast for 2022 to 2.7% (from 3.7%) while keeping the 5.7% forecast for 2023. The economy recovered in June in a post-lockdown rebound. However, China is facing renewed headwinds from rising property stress and weakening US and euro demand. Q2 GDP was weaker than we expected falling 2.6% q/q. Uncertainty […]
The post China Macro Monitor – Strong Headwinds from Property, Covid and Global Recession Risks appeared first on Action Forex.
RBA delivered a widely expected 25bps hike to 4.10%, but the real surprise lay in the 5–4 split decision, exposing a deeply divided board. The narrow margin suggests that while policymakers are concerned about inflation, Read more…
At its meeting today, the Board decided to increase the cash rate target by 25 basis points to 4.10 per cent. While inflation has fallen substantially since its peak in 2022, it picked up materially in the second Read more…
Bitcoin is staging a notable recovery this week, climbing back above the 75,000 handle even as geopolitical tensions in the Middle East remain elevated. The move challenges the typical risk-off playbook, where escalating conflict would Read more…