Key Points
Official figures on Tuesday are expected to show gross domestic product grew 3.9% in the first quarter compared to a year prior, according to the median estimate in a Bloomberg survey of economists..
China's key economic data in the coming week is likely to show a pickup in growth after Beijing dropped its Covid Zero rules, though it's not yet clear how solid or sustainable the recovery will be...
March data is also expected to show increases in industrial output, investment and retail sales though that's partly due to the low base of comparison with March last year, when Shanghai, China's largest city, was in lockdown...
The central bank is expected to keep the rate on its one-year policy loans unchanged on Monday, but recent muted inflation figures suggest the PBOC will need to cut that rate in the second quarter by 10 basis points, David Qu of Bloomberg Economics wrote this week...
John Williams, Raphael Bostic, Loretta Mester and Lisa Cook are among the Fed officials speaking in the coming week, prior to the central bank's blackout period that precedes their May 2-3 policy meeting...
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