www.varchev.com

“The V-shaped recovery in China”, JP Morgan comments

According to JP Morgan, China is experiencing a V-shaped economic recovery and 57% growht is expected in Q2.

“V-shaped recovery is still taking shape in China for 2Q, and we expect a strong rebound to 57% growth quarter-on-quarter after a 41% contraction in 1Q.

Active infections are now at one-tenth of the peak level, and our insurance team shortened the infection curve in China by three weeks to the end of May under their base-case scenario. In our tracking of high-frequency data, 80% of migrant workers have returned to work, the resumption rate for critical or large-scale enterprises is 90%, and coal consumption has returned to around 70-80% of normal levels”


 Junior Trader Radi Djuma


Read more:
RECCOMEND WAS THIS POST USEFUL FOR YOU?
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance