China's flattening deflator flatters official figures pic.twitter.com/QSgQKXENdq
— Simon James Cox (@s1moncox) October 19, 2015
2015-10-19
GDP Deflator Points to Northeast Recession
Last quarter there will several northeast provinces with falling nominal GDP. The GDP deflator, slower industrial production in Q3, falling investment in the resource sectors, unpayable steel debts and some cities in Heilongjiang province also possibly in trouble points to slower growth in the northeast. I will be surprised if those provinces don't show another month of falling nominal GDP.
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