it may reach 6%. That’s spilling over into markets around the world, even as China’s economy shows signs of rebounding strongly after exiting its Covid-Zero policy.
Yet she warned that this good news has a negative side in terms of global inflation: “The China reopening story adds cyclical upside pressure because of the sheer amount of demand that China can create.” The dollar rose against its G10 counterparts after a gauge of greenback strength dropped 0.5% on Wednesday, the most in a month.
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