5 in 5 with ANZ
5 in 5 with ANZ
Monday: China set for soft landing too
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Monday: China set for soft landing too

China retail sales, factory output & investment data beat forecasts; ANZ upgrades China GDP growth forecasts; Decisions this week from Fed, BoE & BoJ; Richard Yetsenga on Queensland's superpowers

China’s economy performed better than expected in August after 28 stimulus measures in three months. ANZ has upgraded its China GDP forecasts.

In our bonus deep-dive interview, ANZ Group’s Chief Economist Richard Yetsenga explains Queensland’s economic superpowers, and its vulnerabilities.

5 things to know

  1. China’s retail sales, industrial production and investment data for August was better than expected on Friday, says ANZ’s Chief Economist for Greater China Raymond Yeung.

  2. Raymond now sees a soft landing in China as more likely and explains why ANZ has upgraded its GDP growth forecasts slightly for 2023 and 2024.

  3. Raymond details how 28 stimulus measures since early June have softened China’s growth slowdown, including another RRR cut last week.

  4. US industrial production data for August was better than expected, while consumer inflation expectations fell to their lowest level since March 2021.

  5. The Fed is expected to hold on Wednesday night, while the Bank of England is seen hiking again on Thursday. The Bank of Japan is expected to hold on Friday.

Cheers

Bernard

PS: Look out for a deep dive tomorrow on future oil demand with Daniel Hynes.

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5 in 5 with ANZ
5 in 5 with ANZ
A daily podcast hosted by Bernard Hickey that gives you the five things you need to know about the global economy and markets in under five minutes. Plus a deep dive into emerging trends and issues featuring ANZ's global team of experts.