China's export growth likely lost more steam in December as a key economic driver continues to weaken, while imports also slowed and concerns over the Omicron variant weighed on the demand outlook, a Reuters poll showed on Thursday.
China's booming exports outperformed expectations for much of and buoyed growth in the world's second-largest economy as several other sectors were faltering, but analysts expect shipments to slow eventually as an overseas surge in demand for goods eases and high costs pressure exporters.
China has also seen a handful of Omicron cases as it battles small-scale outbreaks in several regions, adding uncertainty to the outlook. TOKYO Reuters -The Bank of Japan offered on Wednesday its most optimistic view of the country's regional economy in more than eight years, in a sign of its confidence that a recent resurgence in coronavirus infections would not derail the country's fragile recovery. The upbeat assessment heightens the chance the BOJ will revise up its growth and price forecasts for the year beginning in April in fresh projections due next week.
As continued high inflation eats further into Americans' pocketbooks, Federal Reserve Governor Lael Brainard on Thursday became the latest, and most senior, U. President Joe Biden's bid to promote her to the post of Fed vice chair.
The Fed in December announced plans to wind down its assets purchases by March, faster than it had projected just a month earlier. China's factory-gate prices rose more slowly than expected in December after government measures to contain high raw material prices, official data showed on Wednesday, leaving room for easing monetary policy.
Consumer price inflation also slowed last month as food prices fell, the National Bureau of Statistics NBS said in a statement. The producer price index PPI climbed Canada markets close in 1 hour 17 minutes. Stud remover. Precision screwdriver set Screwdriver bits. Soldering accessories. Parts washer fluid solvents. Coil Repair. Axle thread repair. Torque multiplier. Vacuum Accessories. Air Filters Air Hose Hose reel. DA Sander Dual action. Cut-off tool.
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