UBS predicts China will increase debt in 2019 to support the economy

in money •  2 months ago

To support the growth of the Chinese economy, China in 2019 will continue to increase debt, analysts at UBS Group predict. The aggregate financing index in China, according to their estimates, will grow this year by 12%, accelerating the pace compared to a 9.8% increase last year. At the same time, the forecast assumes a slowdown in growth of China’s nominal GDP to 8% from 9.7% while maintaining moderate inflation. Thus, the ratio of total debt to GDP in 2019 will again show growth. Despite the positive impact of growing debt on the rise of the economy and the stock market in the short term, this situation may affect investor sentiment. In January, the volume of new loans issued by Chinese banks reached a record level, the data of the People’s Bank of China showed. Russian version

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Copying/Pasting full or partial texts without adding anything original is frowned upon by the community. Repeated copy/paste posts could be considered spam. Spam is discouraged by the community, and may result in action from the cheetah bot.

More information and tips on sharing content.

If you believe this comment is in error, please contact us in #disputes on Discord

Congratulations @monterey! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

You published a post every day of the week

Click here to view your Board
If you no longer want to receive notifications, reply to this comment with the word STOP

To support your work, I also upvoted your post!

You can upvote this notification to help all Steemit users. Learn why here!