China’s growth in 2018 was markedly weaker than expected, and with a slowing real estate market and weakening fiscal and monetary initiatives, some are calling the end of an era.
The release followed a 6.9b yoy yoy gain in 4Q18. The 4Q18 yoy gain was 6.9b while the yoy yoy gain for 2018 was 5.4b. The decrease in yoy yoy growth from 5.4b to 4.5b was primarily due to a reduction of tax rebates to lower income group. q1 6.9b yoy yoy
European Central Bank (ECB) president Mario Draghi warned Tuesday that the eurozone economy is “weak and in need of support,” while declining to consider another round of cheap loans. Draghi spoke just hours before Eurostat released fresh data for the eurozone, which showed currency union gross domestic product (GDP) expanded by a seasonally adjusted 0.3% quarter-on-quarter (q/q) in November, slightly below expectations. q1 6.9b yoy yoy