Reuters with the headline:
China's economy slows sharply in Q4, 2022 growth one of the worst on record
Reporting on data released from China:
- China Q4 GDP 0.0% q/q (expected -0.8)
- China December economic activity data beats across all 3 indicators
The official 2022 growth number appears overstated:
If there is a bright point is that 2023 should improve. Oxford Economics quoted in the Reuters report:
- "The good news is that there are now signs of stabilisation, as policy support doled out towards the end of 2022 is showing up in the relative resilience of infrastructure investment and credit growth. The better news is that we see continued policy accommodation through off-budget fiscal channels in 2023."
Link to the Reuters recap report on the data.
