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China's GDP probably slowed down in Q1 2012 – Wells Fargo

By FXstreet.com,  April 12, 2012, 02:59:00 AM EDT

FXstreet.com (Barcelona) - China's GDP data, which will be released on April 13, will attract a lot of attention, due to the recent rise in fears that the country's growth is slowing down. The Wells Fargo team of analysts expect China's annual GDP to have decelerated to 7.8% in the first quarter of 2012, in comparison with 8.9% in 2011 and versus market consensus of 8.3%.

According to the experts: "The year-over-year rate of real GDP growth in China has slowed over the past two years, and our below-consensus estimate projects that it slipped below 8 percent in the first quarter for the first time since 2009."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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