https://finance.yahoo.com/news/what-to-expect-in-fridays-gdp-report-222140281.html
China 1st Qtr and 2nd Qtr GDP:
1st Qtr: 6.4%
2nd Qtr: 6.2% (-3.13%)
USA 1st Qtr and 2nd Qtr GDP:
1st Qtr: 3.1%
2nd Qtr: 2.1% (-32.3%)
The US economy fell by 32.3% in the 2nd Qtr. This will mean that Trump needs a trade deal with China more urgently than President Xi.
http://sg-stock.blogspot.com/2019/07/the-us-china-trade-war-impacts-on-both.html
We've been stating that the US 2nd QTR GDP would be much weaker than its 1st QTR GDP in our previous post and we've been proven right.
https://sg-stock.blogspot.com/2019/07/ism-pmi-analysis-for-us-economy-in-june.html
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