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Last Week’s Highlights
China Q3 GDP rises by 4.9%
China’s third-quarter gross domestic product rose 4.9% on the year. The increase in the GDP puts China’s growth trajectory, back to pre-pandemic levels.
The third-quarter increase fell short of expectations. But, on the other hand, it brings the GDP closer to the previously set target growth rate of around 5.5% – 6%.
The increase comes on the back of a 3.2% growth registered in Q2 of the year. China is one of the few economies posting a strong rebound. In comparison, the US GDP is forecast to contract about 4% this year.
German ZEW economic confidence hits a 5-month low
Economic sentiment in Germany fell to a five-month low in October, according to data from the ZEW institute. The declines come on the back of uncertainty around the Brexit trade talks and the US elections.
The economic sentiment index fell to 56.1 from 77.4 in September. This was more than the forecasts of a decline to 73.0. The current conditions inde...
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