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Janet Mui: weekly economic update 17 January

China-US trade deal draws a line under hostilities for now – and should help stabilise China's 2020 growth. In the UK, the likelihood grows of a month-end rate cut.

17/01/2020
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Authors

Janet Mui
Global Economist, Cazenove Capital
  • 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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Authors

Janet Mui
Global Economist, Cazenove Capital

Topics

UK
US
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Cazenove Capital is a trading name of Schroders (C.I.) Ltd which is licensed under the Banking Supervision (Bailiwick of Guernsey) Law 2020 and the Protection of Investors (Bailiwick of Guernsey) Law 2020, as amended in the conduct of banking and investment business. Registered address at Regency Court, Glategny Esplanade, St. Peter Port, Guernsey GY1 3UF, (No.24546) . Schroders (C.I.) Limited, Jersey Branch is regulated by the Jersey Financial Services Commission in the conduct of investment business. Registered address at 40 Esplanade, St. Helier, Jersey JE2 3QB, (No.31076).

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