Europe Data Response Euro-zone GDP (Q2), HICP (Jul.) There are few silver linings in the data published today, which confirmed the massive slump in Q2. Parts of the economy have sprung back to life since April, but the damage already done plus the... 31st July 2020 · 3 mins read
Asia Data Response Taiwan GDP (Q2) The 0.7% y/y drop in GDP last quarter was Taiwan’s worst performance since the Global Financial Crisis, but it still represents an unusually strong performance given what’s happening in the rest of... 31st July 2020 · 3 mins read
Europe Data Response Spain GDP (Q2) The record plunge in Spain’s GDP of 18.5% q/q is likely to have been one of the biggest falls of any euro-zone country in Q2, illustrating the severity of the country’s lockdown and its slow and... 31st July 2020 · 2 mins read
Europe Data Response French GDP (Q2) While the catastrophic collapse in French Q2 GDP was hardly a shock given the country’s stringent lockdown, it still highlights the sheer extent of the economic damage wrought by the pandemic. High... 31st July 2020 · 2 mins read
China Data Response Official PMIs (Jul.) The latest survey data suggest that last quarter’s rapid economic rebound has extended into the second half of the year thanks to recovering foreign demand and strong fiscal support. 31st July 2020 · 2 mins read
Japan Data Response Labour Market & Industrial Production (Jun.) The sharp drop in the number of furloughed workers and the rise in industrial production in June bodes well for the recovery in economic activity in the second half of the year. But while the... 31st July 2020 · 2 mins read
Middle East & North Africa Economics Update Oil output cuts, austerity to hold back Saudi recovery The Saudi economy has embarked on a recovery in the past couple of months, but fiscal austerity and oil production cuts, as well as the ongoing suspension of pilgrimages, mean that it is likely to be... 30th July 2020 · 2 mins read
US Data Response GDP (Q2) The 32.9% annualised decline in GDP in the second quarter, more than three times larger than the previous record quarterly contraction, underscores the unprecedented hit to the economy from the... 30th July 2020 · 2 mins read
Latin America Data Response Mexico GDP (Q2 Prov.) The 17.3% q/q slump in Mexico’s GDP in Q2 is likely to be one of the largest peak-to-trough falls in the emerging world. With the country still battling with its coronavirus outbreak, and the US... 30th July 2020 · 3 mins read
UK Data Response EC Economic Sentiment (Jul.) The jump in the UK Economic Sentiment Indicator (ESI) in July is an encouraging sign that the recovery continued at a decent pace at the start of Q3. Even so, rising unemployment is likely to put a... 30th July 2020 · 2 mins read
Europe Data Response German GDP (Q2 2020) The double-digit fall in quarterly GDP confirms that the coronavirus crisis delivered a huge blow to the Germany economy. Monthly and high frequency data show that activity bounced back since April... 30th July 2020 · 3 mins read
India Economics Weekly Recovery losing steam Various high-frequency indicators are suggesting that the post-lockdown recovery has stalled. And with new confirmed virus cases still rising sharply, the ongoing need for physical distancing and... 30th July 2020 · 6 mins read
Japan Data Response Retail Sales (Jun.) The surge in retail sales in June suggests that consumer spending will rebound across Q3 even if some restrictions on activity are reimposed to curb the renewed spread of the virus. 30th July 2020 · 2 mins read
Europe Economics Update Rise in cases a further blow to Spain’s weak recovery Spain’s economic recovery was already set to be one of the weakest in the euro-zone but the resurgence in virus cases over the past week and subsequent re-imposition of restrictions deals a fresh blow... 29th July 2020 · 4 mins read
China Data Response Hong Kong GDP (Q2 Preliminary) Hong Kong’s economy stabilised last quarter as fiscal stimulus and stronger demand in mainland China offset weaker consumption and investment. But with the city facing its worst COVID-19 outbreak yet... 29th July 2020 · 3 mins read
