Economic growth in China is being negatively impacted from many different angles, which is making the outlook challenging. Third quarter Chinese GDP figures are set to be released on October 17th and projections indicate that growth should slow to 5.0% year-over-year versus the prior period’s growth rate of 7.9%. One of the major headwinds facing the Chinese economy is the real estate slump that has been precipitated by the liquidity crisis at China Evergrande Group; an enormous developer with approximately $300 billion in liabilities.
investment outlook third quarter 2021: Off peak but not off track
Managing Principal, Senior Portfolio Strategist
Skeptics will counter that the market returns are so strong only because we’ve been coming out of a pandemic.
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Peapack Private Wealth Management's David Dietze and Donna St.Amant will discuss the outlook for the markets for the balance of the year, analyzing how COVID, the Federal Reserve, the infrastructure package and corporate earnings may all impact stocks and other investments.
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