11 Apr 2014
China's Q1 current account may slip into deficit - Nomura
FXStreet (Bali) - China’s current account balance may slip into deficit for the first time since Q2 2001, according to Nomura Economists.
Key Quotes
"For full year 2014, we still expect the current account to remain in surplus but significantly lower at around 0.7% of GDP from 2.0% of GDP in 2013."
"We expect the current account to turn into a deficit in 2015, at around 0.2% of GDP."
"We still expect the PBoC to cut the bank reserve requirement ratio in Q2 and Q3."
Key Quotes
"For full year 2014, we still expect the current account to remain in surplus but significantly lower at around 0.7% of GDP from 2.0% of GDP in 2013."
"We expect the current account to turn into a deficit in 2015, at around 0.2% of GDP."
"We still expect the PBoC to cut the bank reserve requirement ratio in Q2 and Q3."