Wednesday, January 21, 2009

China GDP Number out Late Today

At 9PM Eastern, the Chinese will announce their Q4 annualized GDP YoY change number. The consensus is 6.8% according to Bloomberg. This is a drop from 9% as of the prior reading. As Paul Kedrosky observes, the likelihood for a (much) lower number should not be excluded... 0% China GDP growth was presented as one of the major fat tail events of 2009 which in the current market environment means it is an almost virtual certainty. Sphere: Related Content
Print this post