The hot topic lately in the news is trade. During President Donald Trump’s state visit to Britain and his meeting with Prime Minister Theresa May, he encouraged the UK to get Brexit over with so that the U.S and the UK could come to a trade deal. According to Bloomberg, Trump said that a deal would triple trade between the two countries.
In other news, Chinese President Xi Jinping said that China’s economy is stable, healthy and well placed to meet all risks and challenges, according to a transcript published by the Xinhua news agency just before Xi’s state visit to Russia. Although he did not specifically mention the trade war with the U.S, the challenges Xi mentioned may point to how the talks escalated last month, without either one of the two large economies backing down.
Some economists do not share his enthusiasm and have lowered their forecasts concerning the Chinese economy for 2020. Bank of America Merrill Lynch cut its GDP growth forecast to six percent from 6.2 percent. The World Bank also dropped its forecast for economic growth from 6.2 percent to 6.1 percent.
China’s economy has remained reasonably stable so far this year and it has also enjoyed stable growth, stable prices and increases in employment.
Analysis and opinions provided herein are intended solely for informational and educational purposes and don't represent a recommendation or investment advice by TeleTrade. Indiscriminate reliance on illustrative or informational materials may lead to losses.
© 2000-2023. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at email@example.com.