Danske Bank:Next week China is due to publish Q1 GDP. We expect the release to show that China’s 7% growth for this year is already challenged. We expect no change or new signals on policy but we look for a dovish stance from Mario Draghi when the ECB meets on Thursday. We estimate a significant rebound in US core retail sales of 0.8% m/m in March. We expect US headline CPI to increase 0.2% m/m, which would take annual inflation out of deflationary territory. G-20 finance ministers and central bankers are set to meet in Washington next week.
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