Snapshot - Strategy & economics
Janet Mui: weekly economic update 16 August
Stock markets bounced earlier in the week, only to slide again as disappointing economic data give fresh cause for concern.
- The health of the Chinese economy is once again in question, after disappointing industrial production and retail sales figures
- German GDP contracted by 0.1% in the second quarter, raising fears about prospects for the rest of the Eurozone
- More encouragingly, the UK labour market remains resilient and wage growth has reached a cycle high of 3.9%
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