China reported some of the worst #inflation consumer and producer price estimates in its modern history, within range of the worst parts of 2009. Such damaging #deflation shows #globalrecession #recession getting worse, and worse for everyone outside China it is becoming more synchronized.
Eurodollar University's Money & Macro Analysis
Reuters: UPDATE 1-Goldman Sachs raises 2023 China GDP growth forecast to 6%
https://www.reuters.com/article/china-economy-comment/update-1-goldman-sachs-raises-2023-china-gdp-growth-forecast-to-6-idUSL1N35N1HG
CNBC: Goldman joins Wall Street banks in cutting China’s growth outlook as post-Covid bounce fades
https://www.cnbc.com/2023/06/19/goldman-sachs-cuts-chinas-growth-outlook.html
China People's Daily: In the first quarter, we will ask about the general trend—authoritative people talk about the current Chinese economy
https://politics.people.com.cn/n1/2016/0509/c1001-28333725.html
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