January 25, 2015

Global Economic Analysis and News of Note

The Chinese economy expanded 7.4 percent in the fourth quarter of 2014, the weakest growth level in 24 years. According to Agence-France Presse, weakening manufacturing and real estate sectors seriously impacted fourth quarter growth, as did trade weakness. Still ANZ economist Liu Li-Gang said, “The 2014 GDP result is better than market expectations and barely missed the target. This result is not too bad.”