China Weakness Not a Worry Yet

| Multi Asset

Our global macroeconomic indicators continue to show a risk of recession that ranges from low to neutral, depending on whether we look at the data (Nowcaster) or the media (Newscaster). While the global outlook generally remains positive, we have recently seen our proprietary Chinese Growth Nowcaster registering a rapid decline. This is due to a decline in a spectrum of data relating to consumption. However, our Newscaster indicator for China remains high and one should not jump to any conclusions about a deteriorating outlook for China.

 

China Weakness Not a Worry Yet
Source: Bloomberg, Ravenpack, Unigestion. Data as at 14 December 2020.


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