Bloomberg (April 16)
“China’s economy soared in the first quarter as consumer spending strengthened, joining production and investment in recovering from the Covid slump a year ago.” Year on year, GDP “climbed a record 18.3%,” but that is “skewed by comparisons from a year ago when the economy was in lockdown. A better reading of the economy’s momentum comes from quarter-on-quarter growth, which slowed to 0.6% from 2.6% in the previous three months.”
Tags: China, Consumer spending, Covid, Economy, GDP, Investment, Lockdown, Momentum, Production, Record, Recovering, Skewed, Slump, Strengthened
Bloomberg (February 26)
“After weeks of grumbling, the world’s biggest bond market spoke loud and clear Thursday — growth and inflation are moving higher. The message wreaked havoc across risk assets…. Speculation is building that a year of emergency stimulus is not only working, but has left some areas of the economy at risk of one day overheating.”
Tags: Bond market, Economy, Emergency stimulus, Growth, Grumbling, Havoc, Higher, Inflation, Overheating, Risk assets, Speculation
Wall Street Journal (January 29)
“You know political spin is at work when the economy grows by 4% in the fourth quarter but the headlines are that growth fell for the entire pandemic year. Everyone already knows the economy fell off the cliff in the first half of 2020. The news is that the economic recovery is continuing despite the winter Covid surge.”
Bloomberg (January 24)
“The world economy is facing a tougher start to 2021 than expected as coronavirus infections surge and it takes time to roll out vaccinations…. Double-dip recessions are now expected in Japan, the euro area and U.K. as restrictions to curb the virus’s spread are enforced.” Advanced economies are “beginning on a weak note and emerging economies diverging.”
Tags: 2021, Coronavirus, Double-dip recessions, Economy, Emerging, EU, Infections, Japan, Surge, U.K., Vaccinations
WARC (December 3)
With the “coronavirus in check,” China’s economy “is showing increasing signs of recovery.” This now extends to alcohol sales. “As social distancing rules and dining out restrictions are eased, brewers and distillers report increased demand, and the Chinese consumer, it seems, has a thirst in particular for premium brands.” The “growing penchant for premium products” is happily in step with the Government, which is promoting them as “a key driver of the country’s economic recovery.”
Tags: Alcohol, Brewers, China, Consumer, Coronavirus, Demand, Dining out, Distillers, Eased, Economy, Recovery, Restrictions, Sales, Social distancing
Financial Times (November 16)
“The US economy is facing an accelerating surge in coronavirus cases and harsh new restrictions on business activity without the cushion of meaningful fiscal support, raising fears of a blow to the recovery.” The market has rallied on vaccine advances, but “the deteriorating health situation across the country presents an imminent threat to the US economy as the winter months approach.”
Tags: Accelerating, Advances, Coronavirus, Deteriorating, Economy, Fears, Fiscal, Rallied, Recovery, Restrictions, Support, Surge, US, Vaccine
CNN (November 10)
“Johnson has mismanaged Covid, Brexit and the economy. Now his inner circle is falling out…. The political storm surrounding Johnson and his team of advisers broke on the same day that the UK’s coronavirus death toll passed the eyewatering 50,000 figure.” The shakeup could signal an eventual concession to the EU on Brexit as “the simplest route to a breakthrough that would lead to a deal.”
Tags: Advisers, Breakthrough, Brexit, Concession, Covid, Death toll, Economy, EU, Johnson, Mismanaged, Political storm, UK
The Financial Times (October 19)
As the second wave of COVID-19 strikes, “Europe’s economy is sliding towards a double-dip recession, with economists warning that rising coronavirus infections and fresh government restrictions on people’s movement are likely to cut short the region’s recent recovery.”
Tags: COVID-19, Double-dip, Economists, Economy, Europe, Government, Infections, Movement, Recession, Restrictions, Second wave
Wall Street Journal (October 14)
“The two economies will be factors driving the choices voters make in November. The reality for Mr. Trump: Many achievements of his first economy have been wiped out by the second.” The post-Covid economy was “historically bad. It sent unemployment to depths unseen in post-Depression records before reversing itself quickly but only partially, leaving the U.S. with an outlook that’s especially hard to forecast.”
Tags: Achievements, Choices, Depression, Economy, Historically bad, November, Post-Covid, Trump, U.S., Unemployment, Voters, Wiped out
Seattle Times (September 29)
“The worldwide death toll from the coronavirus eclipsed 1 million on Tuesday, nine months into a crisis that has devastated the global economy, tested world leaders’ resolve, pitted science against politics and forced multitudes to change the way they live, learn and work.”
Tags: 1 million, Coronavirus, Crisis, Death toll, Devastated, Economy, Leaders, Politics, Science, Work, Worldwide
