This chart is updated through Friday, more clearly showing how, if the trend continues, the PBOC will have to decide whether it will follow the market lower or force the renminbi higher and risk secondary losses (such as U.S. dollar outflows).
BEA: Real GDP increased at 1.6% Annualized Rate in Q1
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From the BEA: Gross Domestic Product, First Quarter 2024 (Advance Estimate)
Real gross domestic product (GDP) increased at an *annual rate of 1.6
percent ...
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