Credit Suisse analysts continue to view China as the biggest source of macro risk

Credit Suisse analysts continue to view China as the biggest source of macro risk. The Analysts say that despite a number of key macro indicators improving (PMIs, macro surprises), others have not. Three areas have deteriorated: the job offer to applicant ratio is at an all-time high (implying a shortage of manual workers); producer prices are falling (nominal GDP growth was just 7.9% in Q1); and, above all, property prices are now falling (real estate accounts for a fifth of GDP and half of bank collateral).


2 topics

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.