Janet Mui: weekly economic update

  • In the UK, third-quarter GDP, along with retail sales and employment data, all point to a weakening economy.
  • But in Europe this week's data was stronger than expected, with Germany avoiding a technical recession. Leading indicators now suggest stabilisation.
  • China: a broad-based slowdown is evident in industrial production, retail sales and elsewhere. The Chinese government is increasingly likely to intervene further to support economic growth.

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