China 2020 outlook and will growth defy yield curve?

China 2020 outlook and will growth defy yield curve?

By Blu Putnam, Chief Economist & Erik Norland, Senior Economist, CME Group

Will booming equities sustain economic growth?

  • Is the flat yield curve signaling a slowdown in the economy in 2020?
  • The yield curve has been wrong before, specifically between 1994 and 1999
  • Growth slowed in 1994-95, but rebounded strongly from 1997 to 2000
  • Why? Booming equities boosted consumer spending, business investment
Watch video

China’s 2020 economic outlook

  • China boosted credit to counter higher tariffs from trade war in 2019
  • It also reduced banks’ reserve requirements, eased monetary policy
  • The moves are expected to help the economy grow modestly in H1 2020
  • Will debt stimulus lose its punch, decelerate economy in H2 next year?
Watch video