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16 Jul 2015
China expected to pickup pace in H2 2015 – Danske Bank
FXStreet (Edinburgh) - Senior Analyst at Danske Bank Flemming Nielsen sees the Chinese economy recovering part of its shine in H2.
Key Quotes
“Despite the recent turmoil in the stock market we still expect a moderate recovery in China in H2 15, not least driven by some improvement in the housing market”.
“That said, we expect growth in GDP to drop below 7.0% y/y in Q3 due to a base impact from strong growth in Q3 last year”.
“We maintain our forecast of 6.9% GDP growth for 2015 as a whole albeit there is now some upside risk to our forecast”.
“Longer term, China remains on a path to a structural slowdown in GDP growth”.
Key Quotes
“Despite the recent turmoil in the stock market we still expect a moderate recovery in China in H2 15, not least driven by some improvement in the housing market”.
“That said, we expect growth in GDP to drop below 7.0% y/y in Q3 due to a base impact from strong growth in Q3 last year”.
“We maintain our forecast of 6.9% GDP growth for 2015 as a whole albeit there is now some upside risk to our forecast”.
“Longer term, China remains on a path to a structural slowdown in GDP growth”.