Global vulnerabilities, inflation, credit and labour markets
The world economy’s underlying vulnerabilities have been in sharp focus over the past few weeks, but more deep-seated wounds with longer-lasting scars have been avoided, at least for now. Still, the avoidance for now of bigger wounds does not mean that these vulnerabilities have been erased.
In our charts this week we focus on:
Negative global growth surprises
The recent strength of the US dollar
Slowing euro area inflation
Weaker bank credit growth in the US and Europe
Mixed messages from the US labour market
Increased youth unemployment in China
The skinny
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