Marketmind: China GDP eyed as global cross currents swirl
Asian financial markets brace for Chinese GDP figures on Wednesday, the key number in a batch of Chinese indicators to be released as investors also try to navigate a heavy flow of global economic, market and geopolitical cross currents.
On top of that, the Middle East crisis appeared to deepen significantly after Palestinian health authorities said an Israeli air strike on a hospital in Gaza killed around 500 people. Israel has denied conducting the attack. This comes on the eve of President Joe Biden's planned visit to Israel on Wednesday.
That's the median estimate in a Reuters poll of 60 economists, and would mark a notable slowdown from 6.3% in Q2. The poll's range is 3.5% to 5.1%. Bear in mind that the government's 2023 GDP goal is for growth of around 5%.
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