In today’s briefing:
- An Accretion of Big Power Tensions in Asia
- Global Output Dip Deepening
An Accretion of Big Power Tensions in Asia
- A slow drip-drip of developments is increasing tensions among the big powers in Asia.
- Relations between China on one side and the US, Europe, Japan, India and South Korea are worsening.
- That keeps the tinder dry on the ground and raises risk of escalating frictions.
Global Output Dip Deepening
- Global manufacturing’s down-trend continued in August to a decline, especially in the UK, where the output index crashed by another 6.5 points to 42.4.
- The shock is less advanced for services, with more dispersion, but many countries suffer declines. The US experience is especially severe amid aggressive tightening.
- Unemployment has ceased declining, but the deteriorating demand environment should cause it to turn for the worse soon as the global cycle rolls towards recession.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
