That's the outlook based on Bloomberg's aggregate index of eight early indicators for this month.
The overall gauge was at 5, unchanged from August, signaling that the economic rebound maintained momentum.
Overall, China's economy picked up in the third quarter from the near contraction in the April-June period, but that rebound was undermined by Covid lockdowns and outbreaks in cities across the country, the continued housing slump, and weakening export demand. A global economy slowing due to the Russia-Ukraine war, rapid interest rate hikes, higher inflation and currency market volatility will only worsen the downward pressures.
This story is from the September 28, 2022 edition of Financial Express Mumbai.
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This story is from the September 28, 2022 edition of Financial Express Mumbai.
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