Eco Week Ahead
China’s Economy Is in Search of More Stable Footing
- Fed’s Powell to speak; UK will release inflation data
- Central banks in Indonesia, South Korea may keep rates on hold
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China’s economy isn’t yet on secure footing, as recent green shoots have been offset by lingering fears about the property crisis and a stubborn inability to revive confidence.
Data due Wednesday will likely show a modest pickup in quarter-on-quarter gross domestic product growth, though year-on-year comparisons may be less favorable.