Just a remark on Chinese External Trade
In May, the Chinese external trade balance was back to large surplus at USD 35.9bn. The rise in exports (+7% year on year) may be a good indication on world…
A dynamic and cyclical approach to the global economy
In May, the Chinese external trade balance was back to large surplus at USD 35.9bn. The rise in exports (+7% year on year) may be a good indication on world…
Yesterday, in the Wall Street Journal (see here), Kathleen Madigan noticed that there was “no renaissance for manufacturing jobs”. And her chart is convincing. It shows the manufacturing production index…
The ECB has announced measures to stabilize the money market and measures which will bring more liquidity at a longer horizon in order to boost credit growth and a more…
The ECB has reduced its main interest rates. This will be operational on June the 11th. The refi rate is down by 10bp at 0.15% The deposit facility is down…
An inflation rate at 0.5% in May is clearly too low. But with contributions from energy and food sectors at 0, it means that this low inflation rate has nothing…
The VAT increase on April the 1st has had a strong and negative impact on the Japanese economy. The inflation rate spiked to 3.4%, households’ purchasing power dropped dramatically and…
The official PMI (public sector) rebounds slightly in May to 50.8 against 50.4 in April. The average in the second quarter stopped to May is 50.6 against 50.3 in the…
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