Moody's Analytics' Ell on Global Economy

The video discusses China's economic strategies, focusing on its GDP growth target of 5% for the year, aiming to surprise on the upside by banking on domestic demand amidst global slowdowns. It examines the easing of supply chain stress and modest inflationary pressures, predicting a global cooling of inflation. The video also highlights China's fiscal policy, with a projected fiscal deficit of 3% of GDP, and the need for ongoing support for the property market. Finally, it explores the positive impact of China's reopening on economies like Australia, particularly in education and tourism sectors.

What is China's GDP growth target for this year?

• 5%

• 4%

• 6%

• 5.5%

Why is China aiming for a lower GDP growth target?

• To reduce exports

• To surprise with higher growth

• To avoid inflation

• To increase foreign investments

What is the expected trend for global inflation this year?

• Increase

• Cool down

• Fluctuate unpredictably

• Remain stable

What is the projected fiscal deficit of China as a proportion of GDP this year?

• 3%

• 2.8%

• 3.5%

• 2.5%

How is China's economic policy expected to impact Australia?

• Decrease in service exports

• Increase in domestic demand

• Boost in education and tourism exports

• Reduction in monetary policy tightening