• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Forex Brokers
  • Best Forex Robots
  • Best Forex Signals
  • Best Managed Accounts

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

Bank of America Trims China GDP Outlook On Deepening Evergrande Woes

September 22, 2021 by Forex Winner Leave a Comment

Bank of America Trims China GDP Outlook On Deepening Evergrande Woes

Source: Reuters

The Bank of America downgraded its growth forecast for China for the next three years due to growing issues of China Evergrande and other concerns such as the pandemic. 3333 is down 0.44%.

  • China’s gross domestic product for this year was cut down to 8.0% from 8.3% previously, citing the impact of the Evergrande crisis and regulatory crackdowns.
  • The Bank of America also trimmed its forecast for 2022 to 5.3% from 6.2%, and for 2023 to 5.8% from 6.0%.
  • The country’s property sector has been put in the spotlight due to the increasing risks of its biggest real estate developer defaulting.
  • Evergrande’s liabilities are recorded at $305 billion, with two bond payments due within the week. Analysts believe the firm is unlikely to fulfill its obligations.
  • The Bank of America said the best case scenario would indicate just a little spillover on the property sector, should the government push for a debt restructuring. 

And here is a golden tip

Want to profit from forex news? These forex robots earned the best historical yields to investors. Check out Best Forex Robots

Filed Under: Forex News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

three + = five

Primary Sidebar

Latest News

US Pending Home Sales Fall for Sixth Straight Decline

US Pending Home Sales Fall for Sixth Straight Decline

May 26, 2022

US Unemployment Claims Retreat to 210,000

US Unemployment Claims Retreat to 210,000

May 26, 2022

US Downgrades First-Quarter Economic Performance

US Downgrades First-Quarter Economic Performance

May 26, 2022

Best Forex Robots

  1. Techberry 8.7
  2. Happy Forex 8.0
  3. Forex Fury 7.7
  4. Promax Gold EA 6.8
  5. Gump EA 6.4

Footer

Forex Broker Reviews

IG Group

IG Review

May 20, 2020 By Forex Winner

FBS

FBS Review

January 29, 2020 By Forex Winner

FxPro

FxPro Review

March 20, 2020 By Forex Winner

Forex Robot Reviews

EA Thomas

EA Thomas Review

May 26, 2022 By Forex Winner

Waiting Night Review

Waiting Night Review

May 24, 2022 By Forex Winner

News Catcher

News Catcher Review

May 23, 2022 By Forex Winner

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2022 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure