Economic Highlights (Global)
¨ China’s GDP Growth Slowed To 7.4% Y-o-y In 1Q, But
Likely To Stabilise And Regain Momentum In 2Q.
¨ US Housing Starts Improved Amid Improving Weather But
Permits Slipped Into A Decline In March, Indicating Slower Construction
Activity Ahead; Industrial Output Eased In March, But Beat Expectations Amid
Warming Temperatures.
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