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: 2025.01.17
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China: Fourth quarter 2024 GDP surges to 5.4% YoY - ING
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China: Fourth quarter 2024 GDP surges to 5.4% YoY - ING
New
2025.01.17 20:21
2025.01.17 20:21
2025.01.17 20:21
In other markets, China's fourth quarter 2024 GDP surged to 5.4% year-on-year, up from 4.6% YoY and marking the highest level of the year, and the fastest YoY growth of any quarter since 2Q23, ING's FX analyst Francesco Pesole notes.
Fourth quarter growth level is a significant beat
"This was also a much more impressive reading given that 2Q23 benefited heavily from a favourable base effect. The fourth quarter growth level was a significant beat and moving the full-year growth back to 5.0% will put to rest any potential debate on whether or not a lower growth level would have been sufficient to fulfil the 'around 5%' growth target."
Last updated
: 2025.01.17
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2025.01.17 23:31CAD drifts back to the 1.44 - Scotiabank
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2025.01.17 23:29Disclaimer:
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