Eco Week Ahead
China Searches for Clearer Signs of Economic Momentum
- Christine Lagarde kicks off week; ECB minutes, PMIs also due
- Indonesia, Uruguay set to hold rates, Namibia likely to raise
Pedestrians cross a road in Beijing, China.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China’s key economic data in the coming week is likely to show a pickup in growth after Beijing dropped its Covid Zero rules, though it’s not yet clear how solid or sustainable the recovery will be.
Official figures on Tuesday are expected to show gross domestic product grew 3.9% in the first quarter compared to a year prior, according to the median estimate in a Bloomberg survey of economists. While that would be an improvement on the 2.9% expansion recorded in the October to December, it’s still below the official target for full-year growth of around 5%.