Jan 20, 2020

The strong decrease in Russia’s current account surplus in 2019 has been confirmed. It declined to USD71bn (an estimated +4.2% of GDP) in 2019, down from USD114bn (+6.8% of GDP) in 2018. Merchandise exports dropped by -6% or -USD25bn to USD418bn in 2019.

Jan 17, 2020

China’s GDP growth came in unchanged at +6.0% y/y in Q4 2019, in line with consensus expectations.

Jan 15, 2020

We expect global growth to muddle through in the next two years. Monetary policies have to deal with a threefold series of disturbances, i.e. political risk, an external shock on trade and structural issues related to the ecological transition.

Jan 15, 2020

At 0.6%, the German economy recorded its weakest GDP growth rate since the Eurozone sovereign debt crisis.

Jan 15, 2020

The U.S. and China officially signed a “Phase 1” trade deal on 15 January: The U.S. will halve its 15% tariff on about USD120 billion of Chinese goods and suspend planned duties that were set to take effect last December.

Jan 14, 2020

Tsai Ing-wen was reelected as president of Taiwan on Saturday 11 January in a landslide victory against runner-up Han Kuo-yu. Tsai’s party, the Democratic Progressive Party (DPP), also managed to keep its majority in the Legislative Yuan (albeit with a smaller margin).