Rolling coverage of the latest economic and financial news, as China slipped deeper into deflationary territory in January
Bloomberg reports that economists see deflation pressure in China continuing for at least another six months, largely because of the real estate turmoil.
While China was able to reach an official growth goal of “around 5%” in 2023, repeating a similar performance this year may be difficult without bigger efforts by policymakers.
“The prolonged property woes and stock market volatility hurt household sentiment,” said said Raymond Yeung, chief economist for Greater China at Australia & New Zealand Banking Group Ltd.
“The UK housing market has seen a continued improvement in buyer activity through the early part of the year, supported by the recent easing in mortgage interest rates.
Although sales volumes through much of the year ahead are likely to remain relatively subdued compared to the longer-term average, the outlook has now turned modestly brighter on a consistent basis over the past few survey reports.
Continue reading…Rolling coverage of the latest economic and financial news, as China slipped deeper into deflationary territory in JanuaryBloomberg reports that economists see deflation pressure in China continuing for at least another six months, largely because of the real estate turmoil.They explain:While China was able to reach an official growth goal of “around 5%” in 2023, repeating a similar performance this year may be difficult without bigger efforts by policymakers.“The prolonged property woes and stock market volatility hurt household sentiment,” said said Raymond Yeung, chief economist for Greater China at Australia & New Zealand Banking Group Ltd.“The UK housing market has seen a continued improvement in buyer activity through the early part of the year, supported by the recent easing in mortgage interest rates.Although sales volumes through much of the year ahead are likely to remain relatively subdued compared to the longer-term average, the outlook has now turned modestly brighter on a consistent basis over the past few survey reports. Continue reading…
