In case you missed it: China to the rescue?

Chinese growth surpasses expectations and everybody breathes a sigh of relief, America's shrinking trade deficit, strong retail sales and falling jobless claims create a sound platform for 1Q growth. Despite the uncertainty in Brexit Britain, people are still spending. Even sentiment in Germany seems to be improving. Is Goldilocks finally back?

In this bundle

China

China GDP too good to be true?

China's GDP growth was better-than-expected in 1Q, matching the growth of the previous quarter. How is this possible amid so much trade uncertainty?…

United States

US trade deficit boosts growth outlook

The US trade balance improved in February thanks to US companies cutting imports on assumption of a 1 January tariff hike that failed to materialise. This…

Eurozone: A cold spring

April PMIs - the first glimpse on second quarter activity, came out weaker than expected. It looks as if eurozone growth is having trouble shifting into…

United Kingdom

UK spending splurge could have further to run

The latest surge in UK retail sales does sound a little too good to be true, but either way, spending could continue to modestly improve as Brexit…

Germany: First green shoots

Spotting turning points in the economy remains a very difficult task. Today's ZEW index adds to tentative evidence that a gradual rebound of the…

Opinion

By Dmitry Dolgin

Russia: thinking progressive taxation?

The Russian government is reportedly considering exempting employees earning below the subsistence level from paying income tax. This could ease some…

Canada

Canada’s housing market: Is it really all that bad?

The housing market is under pressure in Canada and coupled with household debt problems, you can see why this factors into the central bank's…

Malaysia

Malaysia: What’s happening to the ringgit?

We believe the latest selloff in Malaysian government bonds and the ringgit (MYR) is overdone. We maintain our end-2019 USD/MYR forecast of 4.05

How will Indonesia’s elections results impact the economy?

Growth in Indonesia has hovered about the 5% level since 2016 and going forward its trajectory will largely depend on who wins the elections next week.…

Macedonia

North Macedonia elections: Heading into a run-off

The upcoming presidential elections are unlikely to see North Macedonia change course in its approach towards Western integration. The incumbent…