Morning Perspective: China Slowdown?/ Minyanville
FT reports the World Bank cut its forecast for China’s growth from 10.8% to 9.6%. The bank lowered its forecast from the previous figure originally released last September due to expectations of a weakening global outlook and decelerating exports. The World Bank added, however, that the Chinese economy is well-positioned to weather any effects of a global slowdown due to its strong domestic economy and the government’s relatively stable financial position.
From the Bull Pen: Bulls expect the dollar to rally against other currencies should global growth slow and may play the upside in the dollar bullish fund (UUP); sell-stops below $23.
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$23.67 (02/05/08)
