China’s V-shaped recovery under the microscope

China’s V-shaped recovery under the microscope

Fixed Income Research & Macro Strategy (FIRMS) from 4X Global Research Chinese GDP growth (seasonally-adjusted) was 11.5% qoq in Q2. This was stronger than consensus forecast (+9.6% qoq) and more than reversed Q1 contraction of 9.8% qoq. This record-high growth...
China’s V-shaped recovery under the microscope

Shape of Recovery: Square Root & Hockey Stick

Fixed Income Research & Macro Strategy (FIRMS) from 4X Global Research While GDP data for Q1 are now “old” and seemingly of limited use, it makes little sense to forecast global growth in Q2 and beyond without at least knowing the starting point. We estimate,...
China’s V-shaped recovery under the microscope

Lessons learnt from Q1 collapse in global GDP

Fixed Income Research & Macro Strategy (FIRMS) – From 4X Global Research Global GDP growth, in year-on-year terms, slowed to -2.7% in Q12020  from +3.1% in Q4 2019 and in quarter-on-quarter terms to -4.5% from +0.6% in Q4, based on growth rates in 14 major...
China’s V-shaped recovery under the microscope

US GDP growth – One extreme to another

Fixed Income Research & Macro Strategy (FIRMS) from 4X Global Research The BEA will release tomorrow its first estimate of US GDP growth in Q1. Consensus estimate for the quarter-on-quarter seasonally-adjusted annualised rate of growth is -4.0%. If correct this...

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