Important events this week will bring us
The week will bring us fresh updates on Brexit and the last ECB meeting with outgoing president Mario Draghi.
China's economy goes up 6.8% in 2017
In 2017, China's economy is expected to ascend 6.8%, thus topping the state objective as well as accelerating for the first time in seven years, according to a Reuters survey. It’s because Beijing walks a tightrope by simply taming debt and also property risks without stunting economic surge.
Besides this, surge in the world's number two economy is expected to slow to 6.4% next year, as the Reuters survey of more than 65 market experts revealed. It’s because the property curbs along with efforts to deal with debt risks are believed to get more traction.
China's construction and property investment are seen slowing because more cities try to reduce surging housing prices, and a government campaign against riskier spurs borrowing costs, while a crackdown on pollution affects some factories.
Chinese economic surge in the fourth quarter of this year is supposed to cool to about 6.7% from 2016, although the full-year surge might hit 6.8%, according to the survey.
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Important events this week will bring us
The week will bring us fresh updates on Brexit and the last ECB meeting with outgoing president Mario Draghi.
Market updates on October 18
De-escalation between the US and Turkey and News for the GBP are on the agenda
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