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Daniel Lacalle: China car sales and house prices indicate weaker economy than official GDP
Daniel Lacalle, chief economist and investment manager at Tressis Gestion, points out that data on car sales and house prices in China signal a weaker economy than indicated by the country's official GDP figures.
Lacalle highlights that despite China's competitive strengths, these sectors are underperforming, casting doubt on the robustness of the wider economy.
Lacalle has commented on declines in oil prices as investors respond to mixed signals about Iran peace talks ahead of a ceasefire deadline, according to a previous report. He has also argued that the recent surge in U.S. dollar demand shows the de-dollarization narrative was overstated in a separate analysis. These earlier observations inform his current skepticism around official economic data.
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