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BOE downplays negative impact of China slowdown on UK economy

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Bank of England (BOE), via its quarterly bulletin, assured markets the UK economy is less exposed to China slowdown as widely believed.

    Key points

    Slowdown of 1% in China equates to around 0.1% reduction in UK GDP

    Further slowing of growth in China is expected

    There’s a danger growth shock estimates are understated

    China plays an ever important role in the global economy
    For more information, read our latest forex news.

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