Gain investment clarity in Asia Pacific through our research, specialized insights, and thought leadership.
After abruptly ending its zero-COVID policy, China bounced back strongly in the first quarter. Economic forecasters promptly upgraded their growth forecasts beyond the government’s moderate 5% target. Now, that positive sentiment has been replaced with doom and gloom. One weak data point after another has highlighted slowing domestic demand, a weakening currency, deflation and portfolio outflows. Reports of companies falling behind on debt payments have also weighed on sentiment. Add to this the weak policy response so far to stabilize the economy, and investors are questioning whether the government’s growth target is in danger, and what would a sharp slowdown in China mean for the global economy and markets?
As the market patiently waits for global central banks to wind down their rate hiking cycles, we wonder, is the journey really this long, or have we gotten lost along the way?
Twice a year, investors from across Invesco Fixed Income’s global platform gather at the IFI Global Investors’ Summit.
Earlier this year, we expected inflation to rise temporarily in the first half of the year.
