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China: Soft-Landing or Recession-bound? (II)
[private][private]
- China’s PMIs continue to suggest a modest but seemingly persistent improvement in manufacturing-sector-managers’ view of economic conditions. The trend adds to the likelihood of our baseline soft-landing scenario, but the latter must not be viewed as certain or even imminent yet. As we have noted in previous notes, some easing of the current policy stance seems to be needed. The policy change would have to include a measure of easing on the monetary side, which recent data suggest has just begun to occur, but only at a very modest pace.
5-1-12–EMG INDICATORS AND INSIGHTS _China’s PMIs_[/private][/private]
Research Studies
DE | Sinai Economic and Market Perspectives | Seeds of A Sovereign Debt Crisis Planted – 02/03/21
[private] [/private] Seeds of A Sovereign Debt Crisis Planted Allen Sinai* The U.S. and Global economies have undergone a fiscal/debt revolution of huge import from which there will be no turning away! The main catalysts read more
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