GDP will be announced soon, bottom or see (picture)

[China Epoxy Network (China Epoxy Industry Online)January 22, 2009: GDP data will be announced soon, and the fourth quarter growth rate may see the bottom of this cycle.
Industry insiders estimate that the GDP growth rate in the fourth quarter of last year was between 6.
4% and 6.
6%.
There is no suspense that the annual growth rate will exceed 9%.
The growth rate is expected to be at the end of the current economic cycle, and the data in 2009 will rebound.
.
As usual, on January 24 each year, the Information Office of the State Council will hold a press conference to invite the National Bureau of Statistics to introduce the economic performance of the previous year.
Due to the early Spring Festival in 2009, this year's press conference is expected to be advanced.
On the 19th, Li Xiaochao, spokesperson of the National Bureau of Statistics and Director of the General Department, revealed that with the implementation of macro-control policies, the national economy showed an overall good momentum throughout the year, and the decline in growth rate also changed at the end of the year.
Li Huiyong, chief macroeconomic analyst at Shenyin Wanguo, believes that based on existing data such as power generation and PMI, the growth rate of industrial added value in December 2008 will bottom out and is expected to be close to 6%.
In November 2008, the added value of industrial enterprises above designated size nationwide increased by 5.
4% year-on-year.
The market once believed that the growth rate in December would further slow down to 4.
0%.
Despite this, the industry believes that the GDP growth rate in the fourth quarter will be between 6.
4% and 6.
6%, which is a significant drop from the 9.
9% growth rate in the previous three quarters, and also hit a new low since 36 quarters.
Dong Xian'an, a senior macro analyst at Southwest Securities, predicts that the GDP growth rate in the fourth quarter of last year will be around 6.
5%, and there is no suspense that the annual growth rate will exceed 9%.
Hao Daming, a macroeconomic analyst at Galaxy Securities, said that in November 2008, the growth rate of industrial production and exports was the lowest recorded in 1995 with monthly data.
The GDP growth rate in the fourth quarter of 2008 was higher than that of 1998, 1999 and 2001.
In any quarter, the GDP growth rate is expected to be around 6%.  

(Our reporter Ye Hui) 

 

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