Currency Analyst since 2010

JPMorgan cut economic outlook for China

JPMorgan cut its outlook for China’s 2013 GDP growth from 7.8% to 7.6% due to soft April economic data and weak domestic demand.

By quarters, the analysts trimmed the sequential growth in the next 3 quarters from 8.2%, 8%, 8% to 7.4%, 7.8% and 7.8% respectively.

It’s bad news for AUD and NZD. 

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