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Mohamed A. El-Erian: China quarterly growth drops to 4.3 percent, lowest in decades

Mohamed A. El-Erian: China quarterly growth drops to 4.3 percent, lowest in decades
China Q2 growth falls to 4.3 percent

Mohamed A. El-Erian, president at Queens' College, University of Cambridge, highlights that China’s economic growth slowed to 4.3 percent in the second quarter, down from 5 percent in the first quarter.

He points out that this pace is the lowest in decades apart from the Covid period. Growth for the first half of the year stands at 4.7 percent, coming in below consensus forecasts.

El-Erian has recently focused on key U.S. economic indicators. He highlighted the upcoming release of May PCE inflation data watched by markets and the Federal Reserve. He also discussed current trends in the U.S. economy and markets in an interview on CNBC.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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