US and Chinese data to provide updates on growth – Lloyds

By FXStreet Analysts from Lloyds Bank, explain that next week data will bring an update about global economic growth.

Key Quotes:

“The coming week will see a plethora of Chinese data. These include the first estimate of Q1 GDP growth, along with trade, industrial production, retail sales, fixed investment and inflation data for March. After stronger than expected PMI data, there will be hopes that these will also show economic activity bottoming out. If realized, this may lend support to stock markets and the oil price.”

“Less positive news is likely to come from the IMF, as the recent expressions of concern from Managing Director Lagarde suggest it further downgrade its global growth forecasts (Tue) prior to next week’s semi-annual IMF/World Bank gathering. This should ensure that kick-starting economic growth will be the main focus of global policy makers at that meeting.”

“Retail sales (Wed) and industrial production (Fri) for March will provide updates of US activity. Both are expected to show modest growth. Recent US data have been mixed. Employment growth continues to be robust but various activity measures imply only modest GDP growth in Q1. A rebound in some business surveys in April suggest that GDP growth may pick up but the …read more

Source:: FX Street