Briefings

Week InReview: October 18, 2024

China steps up stimulus after murky GDP.

China's central bank vowed to offer more easing and support after GDP clocked in with figures that were good, but not great. Asia's biggest economy grew slightly faster than anticipated in the July-September quarter, but that wasn't enough to keep the country on track to reach its annual target, even with better-than-projected retail sales and industrial output. Still, the PBOC's actions, on top of already announced stimulus measures, helped assuage concerns and lifted global stocks.

 

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