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Worldview: China Loans Plunge to 14-Year Low, Adding to Deflation Risk

by Editor August 19, 2023, 5:08 pm 999 Views

Worldview: China Loans Plunge to 14-Year Low, Adding to Deflation Risk

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. Credit demand in July was well below economists’ forecasts. This follows news that the country’s official consumer price index declined 0.3 percent in July. China had been on the cusp of deflation for several months as it faces soft demand, ongoing pressure in the real estate sector and high youth unemployment.

?? Turkey’s retail sales rose 28.5% YoY in June….

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(Picture: metro/co.uk

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