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PVG Market In A Minute - August 16, 2022

  • PVG Admin
  • August 16, 2022

China announced that GDP growth in the second quarter was up just 0.5%, we believe it was significantly negative. As a result, the Bank of China surprised the market and cut interest rates by .10%. The economy in China is weak with unemployment for youth at nearly 20% up from a low of about 9%. China has a big debt problem and labor rates that are not as competitive with other asian nations.

Market in a Minute 2022-08-16.pdf


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