Bloomberg (September 15)
“China’s economy picked up steam in August as a summer travel boom and a heftier stimulus push boosted consumer spending and factory output, adding to nascent signs of stabilization…. Optimism is slowly building among some investors that Beijing’s recent efforts to boost the economy and financial markets are starting to bear fruit. Even so, it’s early days — and a single month of data isn’t enough to confirm a sustained recovery trajectory.”
Tags: August, China, Consumer spending, Economy, Factory output, Investors, Nascent, Optimism, Stabilization, Stimulus, Travel boom
Financial Times (April 19)
“India’s currency has swung from emerging market leader to laggard as the country battles a ferocious wave of coronavirus infections, prompting concerns among global investors that a nascent economic recovery will crumble.” During Q1, the rupee was “the only emerging market currency to gain ground on the dollar.” Since April, it has plummeted 3%, “the worst performance” of its peers.
Tags: Coronavirus, Currency, Dollar, Economic recovery, Emerging market, Ferocious, India, Infections, Investors, Laggard, Leader, Nascent, Rupee, Worst
