Bernanke, G-20, Dell, China GDP, Google: Week July 13-20
Federal Reserve Chairman Ben S. Bernanke will testify in the coming week to two U.S. Congressional committees about monetary policy and the outlook for the economy.
G-20 central bank governors and finance ministers will meet in Moscow to discuss economic stimulus programs and tax evasion.
China’s gross domestic product growth probably slowed to 7.5 percent in the second quarter, while U.S. retail sales are likely to have gained for a third straight month in June.
MONDAY, JULY 15
--China second-quarter gross domestic product, with economists forecasting a slowdown to 7.5 percent growth from a year earlier, the weakest pace since the third quarter of 2012. Growth was 7.7 percent in the first quarter. The government will also give figures for industrial output, retail sales and fixed asset investment, as economists assess the risk of a deeper slump. Premier Li Keqiang is grappling with sustaining the nation’s expansion while reining in credit growth, limiting property speculation and restructuring the economy. 10:00 in Beijing (7/14 22:00 EDT).
--U.S. retail sales probably increased for a third straight month in June, according to a Bloomberg survey, indicating consumers will help drive the economy in the second half of the year. Consumer spending accounts for two-thirds of the U.S. economy. The Commerce Department reports at 08:30 in Washington.
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