From a faltering real estate market to lackluster trade and industrial profits, many economic indicators of the Chinese economy are flashing red. But that won’t be immediately apparent when the world’s second-largest economy releases second-quarter GDP growth data on Monday.
The headline figure should remain deceptively strong because of the low base effect, with some banks forecasting 7 percent growth. Economists warn that underlying momentum is slowing, raising concerns about the health of the country’s post-Covid recovery.
In Europe, polls indicate that the Spaniards are about to change the country’s political course when they cast their ballots next Sunday, ousting Socialist Prime Minister Pedro Sanchez and installing a conservative government.
Read the full calendar for the coming week here.