Global markets are poised for more volatility next week with key economic data from China expected to show that the world's second-largest economy continues to grow at its slowest pace since the financial crisis, despite aggressive measures taken by the central bank to boost growth.
"There has been ongoing fear bubbling since August that the China slowdown is worse than expected. Investors are nervous that we'll see a massive downside correction in China's economy. That's why this data is so important to markets," said James Rossiter, senior global strategist at TD Securities.
China is expected to release fourth-quarter GDP, industrial production and retail sales data Tuesday morning.
Wasif Latif, who manages $1.6 billion at USAA Investments, agrees.
Read more: Buckle your seatbelts: China could rock markets next week
"There has been ongoing fear bubbling since August that the China slowdown is worse than expected. Investors are nervous that we'll see a massive downside correction in China's economy. That's why this data is so important to markets," said James Rossiter, senior global strategist at TD Securities.
China is expected to release fourth-quarter GDP, industrial production and retail sales data Tuesday morning.
Wasif Latif, who manages $1.6 billion at USAA Investments, agrees.
Read more: Buckle your seatbelts: China could rock markets next week
