Macro Update - Economy off to strong start; new PPP regulation
  • 02 Apr 2015
  • Macroeconomics
1Q15 GDP growth of 6.03% is a 7-year high, beating the consensus of 5.5%-5.6% on better-than-expected performance of industrial production. Target of 6.2% now looks highly achievable. Most recent real retail sales growth figure reached a 5-year high affir