
And Now China Will Heighten Global Growth Concerns By Reporting Lackluster February Trade Data
Asian markets were already on edge Friday following the ECB's dramatic downgrade to the euro-area growth outlook, and China's February trade data isn't likely to help matters.
Although the ECB's forecast cuts served as the basis for a decision to move ahead with more accommodation, the dovish pivot was small comfort considering what the depth of the cut to the 2019 euro-area GDP outlook seemed to say about the Governing Council's faith in the resilience of the bloc's economy. Subsequently, repo