UOB cuts China growth forecast, warns of further downward revision if Wuhan outbreak 'lasts longer than expected
“With businesses operating below capacity and more quarantines reported, China’s manufacturing PMI could potentially drop towards 48.0 in February, which would be the lowest since the Global Financial Crisis, when the reading fell to as low as 38.8 in November 2008,” UOB said.
UOB cuts China growth forecast, warns of further downward revision if Wuhan outbreak 'lasts longer than expected
“With businesses operating below capacity and more quarantines reported, China’s manufacturing PMI could potentially drop towards 48.0 in February, which would be the lowest since the Global Financial Crisis, when the reading fell to as low as 38.8 in November 2008,” UOB said.
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Posted by emil > 2020-01-30 16:40 | Report Abuse
Once 70 broken, all down to 60sen below