Snapshot

Janet Mui: weekly economic update 17 January


  • The first-stage China-US trade deal leaves issues unresolved but draws an end to hostilities – for now.
  • We've yet to see whether some of the terms of the agreement will prove to be achievable, and what that might mean for future negotiations.
  • China's GDP data, released at the end of this week, showed growth at the lowest in 29 years. However, we see the de-escalation of the trade conflict with the US helping stabilise growth in 2020 and beyond.
  • UK data continues to disappoint – indicating a high likelihood of a rate cut at the end of January.

 

 

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