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According to Bloomberg, global markets will release Wednesday and Thursday important US economic data reflecting the health of the US economy, the largest in the world in the coming period, that it will act US retail sales or industrial production, in addition to the data. Consumer price inflation for July is expected to increase 1.7%.
Bloomberg said in a long report that key global economic data is expected this week, whether related to growth rates or those dealing with inflation rates, retail sales and output many major economies around the world, which are the main engine of the global economy.
While the US Federal Reserve's agenda lacks momentum this week, having recently decided to cut interest rates by 25 basis points for the first time in 10 years, Germany, the continent's largest economy, is expected to release its second-quarter growth data. Wednesday, while it was expected a contraction of 0.1% in the second quarter of the first quarter.
Germany, which depends heavily on export earnings, has been hit by the escalation of the US-China trade war and is at risk of a recession, especially since large companies like Delmar , Lufthansa and BASF lowered their growth forecasts. German industrial production recorded its largest annual decline in nearly a decade in June, the business climate collapsed and German exports collapsed.
Jamie Ras, chief economist for European affairs at Bloomberg Economics, believes that Germany's disappointing data could further prompt the ECB to adopt monetary easing measures in September. The latest indicators point to weaker-than-expected growth in the German economy in the second half of the year and widespread weakness in the industrial sector, including in the service and labor markets, as well as in Europe, but this is not the case. times in the UK, which is going through a difficult period of Brexit. The European should take place on October 21st, but has not yet reached an agreement with the Europeans. Investors are waiting for labor market data, as well as data on inflation and retail sales, which should help the Bank of England decide what to do. If the UK economy needs stimulus or policy tightening, Russia is not isolated from successive global developments, though it is expected that the rates of Russia's second-quarter economic growth is disappointed by the fallout from Washington's trade war and sanctions. This puts additional pressure on the administration of Russian President Vladimir Putin, who has promised an economic boost. Bloomberg said China, the world's largest and second largest economy, in July, was engaged in a violent trade war with the United States. Rumors are running around whether the central bank's decision to adjust the exchange rate below 7 yuan against the dollar last week was a deliberate decision by the Chinese authorities to slap the administration. American after the announcement by US President Donald Trump of new import duties. Investors wait Thursday for the publication of the Australian Jobs Report, which is expected to play a central role in determining the next move for the Reserve Bank of Australia, where its chairman, Philip Lowe, has made it clear that a low rate Unemployment was needed for the events.
In Latin America, Brazil is expected to announce Monday its data on industrial activity to indicate whether the continent's largest economy was affected by a recession in the second quarter, as well as by Monday's publication of data on the economy. inflation in Argentina. Next Tuesday, Deputy Mayor Mauricio Macri will be relatively uninvolved in his efforts to restore confidence in the local economy ahead of the presidential elections in October.
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