SNAPSHOT2 min read

Janet Mui: weekly economic update 19 July

Chinese growth slowed in the second quarter, but there are signs that stimulus measures may be starting to help. US data, by contrast, suggests that for now the economy remains strong.

19/07/2019
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Authors

Janet Mui
Global Economist, Cazenove Capital
  • Chinese GDP slowed to an annualized rate of 6.2% in the second quarter, the slowest pace since 1990. Activity was stronger in June, suggesting growth will stabilize in the second half of the year.  
  • UK wages grew at an annualized rate of 3.6% in May, the fastest pace since July 2008.  
  • US retail sales were strong in June, suggesting consumers remain in good shape. There was also robust data from the manufacturing sector.  

Authors

Janet Mui
Global Economist, Cazenove Capital

Topics

The value of an investment and the income from it may go down as well as up and investors may not get back the amount originally invested.