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What is GDP and how to calculate GDP?
What is GDP and how to calculate GDP?
Gross domestic product per capita or GDP per capita is a financial measure that calculates an economic output per person by dividing its GDP by its population. Per capita GDP is a worldwide metric for assessing a country’s prosperity based on its economic growth. Economists use it to assess a country’s prosperity.
KEY TAKEAWAYS
KEY TAKEAWAYS
Gross domestic product tracks the health of a country's economy.
It represents the value of all goods and services produced over a specific time period within a country's borders.
Economists can use GDP to determine whether an economy is growing or experiencing a recession.
Investors can use GDP to make investments decisions—a bad economy often means lower earnings and stock prices.
19 oct releases China's GDP data
19 oct releases China's GDP data
Going to explore this data as it may crash the markets tomorrow and send crypto markets downwards..
Why bother to look at China's GDP ?
Why bother to look at China's GDP ?
China has the world's second largest GDP and is the world's biggest exporter of products.
A crash in it's GDP result would create panic in investors and markets and send them down. The crypto market would also go down.
Why I think or Possible China's GDP will rash today ?
Why I think or Possible China's GDP will rash today ?
It's all to do with COVID-19. The first time it caused an issue with China's GDP was the original Wuhan Strain which shut factories. In 2022 the omicron variant hit the world and China once again did lock downs and shut factories.
China's Manufacturing PMI data:
China's Manufacturing PMI data:
China's Manufacturing PMI data: Looking at the past data we can see the manufacturing data being effected by the Wuhan and Omicron variants.
China's Retail Sales data:
China's Retail Sales data:
The manufacturing data is a bit hard to spot the impact. However, looking at the past retail sales. It's very easy to easy where COVID-19 is effecting China's markets. The Omicron variant will hit China's GDP which is lagging behind the retail data!
China's GDP data:
China's GDP data:
Looking at the past data we can see that the Wuhan variant did create a negative GDP result and currently the Omicron variant hasn't yet create a negative result, though last month saw a 0.4% result.
Today's data:
Today's data:
China's GDP q/y Tues 18th Oct 2022.
Actual: To be released tomorrow
Forecast: 3.4%
Previous month: 0.4%
Will China's GDP be below 0% today?
Conclusion:
Conclusion:
With China still doing lockdowns and taking a zero COVID-19 approach. We can see retail and manufacturing data being effected.
Will China's GDP go below 0%?
If it does then the markets around the world will react and crash, so it's better to be prepared for it
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