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28 matches for " technical recession":
Japan is one of the countries most exposed to economic damage from the coronavirus.
Last week's detailed Q3 GDP data in Germany verified that GDP fell 0.2% quarter-on-quarter, down from a 0.5% rise in Q2, a number which all but confirms the key story for the economy over the year as a whole.
The PMIs in the Eurozone are still warning that the economy is in much worse shape than implied by remarkably stable GDP growth so far this year.
Leading economic indicators in the Eurozone continue to send contradictory signals. Most of the headline surveys indicate that a further slowdown, and perhaps even recession, are imminent, while the money supply data suggest that GDP growth is about to re-accelerate.
Yesterday was a watershed moment for investors.
Korea's GDP report for the second quarter was a huge let-down.
Manufacturing in the EZ was held above water by Ireland at the end of Q3.
Friday's detailed Q2 growth data in the EZ broadly confirmed the advance numbers.
The official PMIs suggest that the January survey data have escaped the worst of the hit from the virus.
China's official non-manufacturing PMI rose further in May, hitting a four-month high of 53.6.
Data while we were away have intensified fears that the global, and by extension EZ, economy is slipping into recession.
Yesterday's data showed that the euro area PMIs were a bit stronger than initially estimated in November.
Yesterday's final manufacturing PMIs confirmed that all remained calm in the EZ industrial sector through February.
The ECB disappointed slightly on the big headlines in yesterday's policy announcements, but it delivered shock and awe with the details
German manufacturing rebounded somewhat mid-way through Q3.
Friday's data force us to walk back our recession call for Germany. The seasonally adjusted trade surplus rose in September, to €19.2B from €18.7B in August, lifted by a 1.5% month-to-month jump in exports, and the previous months' numbers were revised up significantly.
The early Q4 hard data in Germany recovered a bit of ground yesterday.
China's trade balance flipped to an unadjusted deficit of $7.1B in the first two months of the year, from a $47.2B surplus in December.
Japan's money and credit data have shown signs of life in recent months, but that's all set to change quickly, due to the disruptions caused by the outbreak of the coronavirus.
Labour cash earnings in Japan ostensibly started the year strongly, jumping by 1.5% year-over-year in January, much better than December's 0.2% slip.
The end of Korea's first Covid-19 wave, coupled with the government's economic support measures, has been a boon for the retail industry.
Italy's economy was in trouble before the Covid-19 hammer-blow. The new government's ill-fated threat in 2018 to leave the Eurozone, unless Brussels allowed a looser budget, threw the economy into a technical recession, from which it never made a convinicing recovery.
Activity Data Confirm China's Nightmare Q1...Japan In For A Full-Year Contraction...Korea Should Be Able To Avoid A Technical Recession....India's Policymakers Are Reasonably Quiet, For Now
The Brazilian economy managed to avert a technical recession over the first half of the year.
Manufacturers in China are skating on thin ice. Construction is still doing most of the heavy lifting for China's non-manufacturing index. MoF data suggest that Japan probably avoided a technical recession in Q1, just. Korean exports stabilise in May, but Q2 still looks like a lost cause. Korea's PMI continued to sink in May, with no clear signs of a turnaround in export orders.
In one line: Avoiding a technical recession by small margin.
In one line: Technical recession averted for now; but growth has stalled.
Expect a Rare Q/Q Fall in Chinese GDP In Q1...A Technical Recession In Japan is on the Cards...The Real Hit to Korean Trade will Start This Month...Post-Virus in Oil Will Help India's Recovery
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