Societe Generale Raised China 2023 GDP Forecast From 5.3% to 5.8%

The video discusses the recent GDP upgrade due to positive surprises in the fourth quarter, highlighting the role of household consumption and savings. It explores the impact of the COVID policy and property market slowdown on household savings. High frequency data shows signs of economic recovery, particularly in mobility and congestion. Market implications, including yields and oil prices, are analyzed, with a focus on the CNY market. The video concludes with a discussion on inflation risks and the global economic impact, emphasizing the role of central banks in managing core inflation.

What are the implications of the recovery in the service sector for oil and natural gas consumption?

How do central banks view the relationship between oil prices and inflation?