Bloomberg (January 26)
In the “race for world’s biggest economy,” the U.S. has extended its “lead over china.” U.S. GDP “rose 6.3% in nominal terms…last year, outpacing China’s 4.6% gain.” Some of that is due to inflation, but the result “underscores a broader point: The US economy is emerging from the pandemic period in a better place than China’s.”
Tags: Better, China, Economy, Emerging, GDP, Inflation, Lead, Outpacing, Pandemic, Race, U.S., World
Wall Street Journal (January 3)
“Chinese automaker BYD for the first time topped Tesla as the world’s largest seller of electric vehicles on a quarterly basis, a sign of China’s emerging strength in the global market for battery-powered cars…. The Chinese rival’s ascent in the global pecking order has put new pressure on Tesla at a time when the U.S. electric-car maker is already leaning on steep price cuts to juice its sales.”
Tags: Ascent, Automaker, Battery-powered, BYD, China, Emerging, EVs, Global market, Pressure, Price cuts, Sales, Strength, Tesla, U.S.
Reuters (November 11)
“Signs of weakness are emerging” across the Chinese economy where “exports fell; inflation slowed; new bank lending tumbled…. Despite the authorities bucking the global trend… and deploying monetary and fiscal easing this year.” The “unexpectedly weak run of Chinese economic data” raises “the heat on policymakers to deliver more stimulus measures, but it also shows the limited effect more monetary easing and infrastructure spending can have.”
Tags: Bank lending, Economy, Emerging, Exports, Fiscal, Global trend, Inflation, Infrastructure spending, Limited effect, Monetary easing, Signs, Stimulus, Tumbled, Weak, Weakness
Market Insider (September 30)
“Japan and Korea have dumped billions of dollars into the foreign exchange market to prop up” their currencies. Nevertheless, “the dollar has surged 26% against the yen and has risen 21% versus the won.” The yen and won are hardly unique. “Both developed and emerging market economies, have slumped against the dollar,” but both currencies “have also been hurt by trade deficit concerns” as their “economies are importers of oil.”
Tags: Currencies, Developed, Dollars, Economies, Emerging, Forex, Importers, Japan, Korea, Market, Oil, Prop up, Slumped, Surged, Trade deficit, Won, Yen
Los Angeles Times (April 22)
“California has entered another drought.” But some researchers now suspect “the last one may never have really ended.” They posit “California and other Western states are actually more than two decades into an emerging ‘megadrought’—a hydrological event on par with the worst dry spells of the last millennium. Except this time, they say, human-caused climate change is driving its severity—and will make it that much harder to climb back out of.”
Tags: California, Climate change, Drought, Emerging, Human-caused, Megadrought, Millennium, Researchers
Washington Post (February 2)
The emerging new strains of the novel coronavirus “are a powerful reminder that we must remain vigilant in fighting the virus, even as vaccines promise an end to the pandemic. And they are a warning that if the world doesn’t bring the virus under control everywhere, this nightmarish pandemic could continue for years longer than it needs to.”
Tags: Control, Emerging, Fighting, Nightmarish, Novel coronavirus, Pandemic, Strains, Vaccines, Vigilant, Warning
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
The Economist (October 13)
“Just a year ago the world was enjoying a synchronised economic acceleration. In 2017 growth rose in every big advanced economy except Britain, and in most emerging ones.” Today, “the story is very different” and America alone is still outperforming. “This week’s market volatility suggests time could be short. The world should start preparing now for the next recession, while it still can.”
Tags: Advanced, Economic acceleration, Emerging, Growth, Market volatility, Recession, U.S., UK