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China is about to show the world that its economy is pulling further out of the chasm created by the coronavirus, setting it apart from other nations struggling to avoid renewed lockdowns (THREAD) https://trib.al/UcpkJM8 ">https://trib.al/UcpkJM8&q...
Chinese GDP for the 3rd quarter is forecast to come in at a 5.5% expansion from a year earlier, recovering all of the lost ground from the historic contraction in the first three months of the year https://www.bloomberg.com/news/articles/2020-10-15/what-to-watch-in-china-gdp-data-as-economic-rebound-strengthens">https://www.bloomberg.com/news/arti...
Global trade has been an unexpectedly strong driver for the world’s 2nd-largest economy, and even still-cautious domestic consumers are becoming more confident. That returning optimism is based on China’s success in keeping the virus practically at bay https://www.bloomberg.com/graphics/global-trade-indicators/">https://www.bloomberg.com/graphics/...
“Right now, China has basically put Covid-19 under control,” People’s Bank of China Governor Yi Gang says. “In general, the Chinese economy remains resilient with great potential. Continued recovery is anticipated which will benefit the global economy” https://trib.al/UcpkJM8 ">https://trib.al/UcpkJM8&q...
Yet even amid the strengthening domestic recovery, the prospect of renewed closures amid spiking infection rates in Europe and elsewhere comes with uncertain prospects for China, which has relied on exports and manufacturing to help spur its rebound https://trib.al/UcpkJM8 ">https://trib.al/UcpkJM8&q...
“Improving consumer sentiment and consumption likely also boosted private demand,“ says Bloomberg Economics’ Chang Shu. “Leading Chinese indicators indicate demand is coming back at a faster pace than production at this stage of the recovery” https://trib.al/UcpkJM8 ">https://trib.al/UcpkJM8&q...
Elsewhere in the world economy, at least 9 central banks from Russia to Turkey to Israel to Mozambique deliver interest-rate decisions https://trib.al/UcpkJM8 ">https://trib.al/UcpkJM8&q...
In the U.S., figures on residential construction starts, previously owned home sales and weekly unemployment benefit applications are the highlights https://trib.al/UcpkJM8 ">https://trib.al/UcpkJM8&q...
This week will offer more evidence of the euro area’s fading recovery, with PMIs forecast to weaken again in October. Those numbers will follow another flurry of ECB speakers, giving final hints into their thinking before a quiet period sets in ahead of Oct. 29 rate decision
In the UK, inflation is set to rebound after the expiry of the government’s restaurant support program. Markets will also be closely watching BOE speeches for clues on a potential stimulus top-up early in November https://trib.al/UcpkJM8 ">https://trib.al/UcpkJM8&q...
In Asia, key releases include Japan export figures and early Korean data for October, which will give the latest indication of how global trade is picking up. Likewise, Japan’s PMI reading will offer a picture of the recovery https://trib.al/UcpkJM8 ">https://trib.al/UcpkJM8&q...
Mexico’s September unemployment report may show a third month of marginal improvement after joblessness rose to a near decade-high in June. A sluggish recovery that’s losing momentum suggests the trend level will remain elevated for some time https://trib.al/UcpkJM8 ">https://trib.al/UcpkJM8&q...
Read @Jeffrey_Black’s full preview of what’s coming up in the world economy this week: https://trib.al/UcpkJM8 ">https://trib.al/UcpkJM8&q...
