- China’s Li: Risk of global recession increasing
Market news
9 December 2022
China’s Li: Risk of global recession increasing
China’s Premier Li Keiang expressed concerns about the global economy while warning of a potential recession during his speech on Friday.
Key quotes
Inflation remains high in some countries.
World economy faces grim challenges.
Risk of global recession increasing.
Domestic economy is currently in a stable state after reversing the Q3 economic decline.
China cannot stop opening up.
We will continue at a high level.
Market reaction
AUD/USD is unfazed by these comments, keeping its upside consolidative mode intact near 0.6800, up 0.35% on the day.
Market Focus
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