Financial Times (December 23)
“The UK economy shrank slightly in the third quarter.” Revised figures “highlight the country’s struggle to shake off its low-growth performance and raise the risk of a technical recession…. The UK economy is stuck in a lacklustre state as it struggles with high borrowing costs and the legacy of the worst inflationary upsurge for a generation.”
Tags: Borrowing costs, Economy, Growth, Lacklustre, Q3, Revised, Risk, Struggle, Technical recession, UK
Barron’s (November 12)
“Germany’s economy, historically the powerhouse of Europe, is going through a rough patch. Its reliance on Russian energy and trade with China will have to be scaled back and new sources of growth found.” The nation’s GDP “declined in the third quarter, bringing down the rest of the euro zone with it,” and the OECD now “expects Germany to be the second worst performer in its group of 30 advanced economies this year, ahead only of Argentina.”
Tags: Argentina, China, Economy, Europe, GDP, Germany, Growth, OECD, Powerhouse, Reliance, Russian energy, Trade, Worst performer
New York Times (November 9)
The U.S. economy “has accomplished what many, perhaps most, economists considered impossible: a large fall in inflation without a recession or even a big rise in unemployment.” A recent Goldman Sachs report declares “The Hard Part Is Over,” making the case “that we’re managing to combine rapid disinflation with solid growth, and that it expects this happy combination — the opposite of stagflation — to continue.”
Tags: Accomplished, Economists, Economy, Goldman Sachs, Growth, Impossible, Inflation, Rapid disinflation, Recession, U.S., Unemployment
The Economist (November 2)
“Even as wars rage and the geopolitical climate darkens, the world economy has been an irrepressible source of cheer…. Unfortunately, however, this good cheer cannot last. The foundations for today’s growth look unstable. Peer ahead, and threats abound.”
Tags: Climate, Foundations, Geopolitical, Growth, Irrepressible, Threats, Unstable, Wars, World economy
Wall Street Journal (August 12)
“The political world has finally awakened to China’s economic woes…. The evidence has been building for years that much of China’s economic growth was a debt-inflated bubble, and this week another Chinese property developer defaulted on some of its debt.”
Tags: Awakened, Bubble, China, Debt-inflated, Defaulted, Economic woes, Evidence, Growth, Political world, Property developer
Washington Post (July 20)
We may be living in a “Goldilocks economy,” but it “has an end date.” Last year, the investors who “thought stagflation was here to stay were wrong, and they’ll be wrong again if they count on Goldilocks sticking around. Growth and inflation will line up sooner or later, and it’s the growth data that provides a better signal for the trajectory of the economy.”
Tags: End date, Goldilocks economy, Growth, Inflation, Investors, Last year, Signal, Stagflation, Trajectory, Wrong
The Korea Economic Daily (June 15)
“Everything Asian policymakers were sure they knew about 2023 is going sideways.” When the year opened, “conventional wisdom” expected “Chinese growth would help the region make up for lost economic time.” Now the worry “is about deflation risks as factory-gate prices go negative” with consumer prices in China “on the verge of contraction.” Its exports are “cratering,” but China’s falling imports are “the bigger problem for Korea, and Asia more broadly.” In May, China’s imports fell by 4.5%, “dampening hopes that post-pandemic ‘revenge spending’ by 1.4 billion Chinese would propel Asian growth sharply higher.”
Tags: Asia, China, Consumer prices, Contraction, Cratering, Deflation risks, Exports, Factory-gate prices, Growth, Imports, Korea, Negative, Policymakers, Sideways
Financial Times (April 28)
“Deprived of investment opportunities abroad, Russians have piled their savings into the likes of Lukoil, Gazprom and Sberbank, which combined account for about 40 per cent of the stock market’s total value.” Marking a rebound, “Russia’s stock market has climbed to its highest level in more than a year as domestic retail investors with nowhere else to go snap up the dividend-paying stocks that sold off heavily following the invasion of Ukraine”.
Tags: 2022, Banking crisis, Bracing, Economy, Fears, Growth, Interest rates, Q1, Q4, Recession, Slowdown, U.S., Wall Street, Wobbled
The Guardian (April 18)
“China’s economy rebounded faster than expected, surpassing growth estimates for the first quarter of the year, after the country relaxed its onerous Covid-19 restrictions and consumer spending surged.” The 4.5% quarterly growth marked “the fastest in a year and beat the 4% rise forecast by analysts polled by Reuters.”
Tags: Analysts, China, Consumer spending, COVID-19, Economy, Estimates, Forecast, Growth, Onerous, Q1, Rebounded, Restrictions, Surpassing
South China Morning Post (February 17)
“China’s regulators have unblocked the path for companies to list overseas, reopening the avenue of fundraising after a 20-month obstruction to enable businesses to recapitalise for growth in the post-Covid period.” Applications must be vetted by the China Securities Regulatory Commission (CSRC) while the issuer must adhere to rules established by industry regulators in “disclosures of customers’ data and anything that could be construed as state secret.”
Tags: China, CSRC, Customers’ data, Disclosures, Fundraising, Growth, Industry regulators, Issuer, Overseas, Post-Covid, Recapitalise, Regulators, Reopening, State secrets, Vetted
