Back
3 Apr 2015
Chinese GDP growth might fall to 6.8% in 2015 – Nomura
FXStreet (Barcelona) - Research Analysts at Nomura, preview the Chinese data releases for the week ahead, and further share their forecast for Chinese GDP growth.
Key Quotes
“We expect higher CPI inflation in March, though due more to base effects than a resumed rise in inflationary pressures. Producer price deflation, however, should deepen as the purchasing price sub-index of the official PMI came in below 50, reflecting severe overcapacity in the economy and the decline in global commodity prices.”
“We expect M2 money growth to edge down, although RMB new loans and aggregate financing may rise seasonally.”
“We expect GDP growth to fall to 6.8% in 2015 due to a moderation in investment, and although we expect long-term GDP growth to slow, we are optimistic about improvements in the economic structure over the coming years.”
Key Quotes
“We expect higher CPI inflation in March, though due more to base effects than a resumed rise in inflationary pressures. Producer price deflation, however, should deepen as the purchasing price sub-index of the official PMI came in below 50, reflecting severe overcapacity in the economy and the decline in global commodity prices.”
“We expect M2 money growth to edge down, although RMB new loans and aggregate financing may rise seasonally.”
“We expect GDP growth to fall to 6.8% in 2015 due to a moderation in investment, and although we expect long-term GDP growth to slow, we are optimistic about improvements in the economic structure over the coming years.”