Bloomberg (January 19)
“Chinese stocks just capped another dismal week…. Grim milestones have kept piling up in recent days: Tokyo has overtaken Shanghai as Asia’s biggest equity market, while India’s valuation premium over China has hit a record. Locally, a meltdown in Chinese shares is wreaking havoc on the nation’s asset management industry, pushing mutual fund closures to a five-year high.”
Tags: Asset management, China, Closures, Dismal, Equity market, Grim, Havoc, India, Meltdown, Milestones, Mutual fund, Premium, Record, Shanghai, Shares, Stocks, Tokyo, Valuation
Washington Post (May 5)
“Now Japan faces its very worst fear: flopping on the world stage.” In COVID-19 vaccinations, this “nation famed for first-world logistical competence is running dead last among the 37 members of the Organization for Economic Cooperation and Development…. This dismal performance isn’t just imperiling the Olympics — or the world’s third-biggest economy. It’s challenging basic notions about whether Japan can change at all.”
Tags: COVID-19, Dead last, Dismal, Flopping, Imperiling, Japan, Logistical competence, OECD, Performance, Vaccinations
The Guardian (February 12)
“GDP growth slipped to its lowest since 2012, at 1.4%, down from 1.8% in 2017.” The UK’s dismal performance in 2018 gave the lie to “Philip Hammond’s claim that Britain can reap an economic dividend from Theresa May’s Brexit deal…as official figures confirmed the UK has suffered its worst year for GDP growth since 2012.”
Tags: Brexit, Dismal, Economic dividend, GDP, Growth, Hammond, May, Performance, UK
Financial Times (January 14)
“Decades of anaemic wage increases, lower job security and lacklustre consumption” have undermined a generation of Japanese who are now coming to age. Dismal economic factors have “stripped away” their incentives “to leave home, buy cars, marry, have children, take risks and generally grow up.”
Tags: Anaemic, Cars, Children, Consumption, Dismal, Incentives, Japan, Job security, Marriage, Risks, Wages