Fortune (October 22)
“The staggering one-two punch of hurricanes Helene and Milton has been one of the most destructive on record” and Goldman Sachs has pointed out this is “obscuring the view of the U.S. economy.” Combined damages are estimated at $90 billion, with nearly 10% of the population impacted. “Economic data that corresponds to October will be most skewed by the disasters…, potentially masking the precise state of market conditions and ongoing trends.”
Tags: $90 billion, Damages, Destructive, Economic data, Goldman Sachs, Helene, Hurricanes, Impacted, Milton, Obscuring, Skewed, Staggering, Trends, U.S. economy
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
