Warnings about US economy and USD overblown

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The United States’ post-war record GDP contraction in Q2 of 9.5% qoq and the Dollar’s recent depreciation have been making headline news but some perspective is required. The US GDP contracted about 10.6% in H1 2020, far more than in China (+0.6%) and South Korea (-4.6%). However, of other economies which have so far released Q2 data – including the Eurozone’s four largest economies, Mexico and Singapore – all posted larger rates of contractions in H1 2020. The UK’s GDP likely shrunk more than twice as much whilst France (-19.0%) and Mexico (-18.3%) fared only marginally better.
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( 10 mins read ) Press play to listen Chinese GDP growth (seasonally-adjusted) was 11.5% qoq in Q2. This was stronger than consensus forecast (+9.6% qoq) and more than reversed Q1 contraction of 9.8% qoq. This record-high growth reflects both

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Conservative FX markets testing (some) extremes

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"Risks and Opportunities for the Euro" https://www.europarl.europa.eu/thinktank/en/document.html?reference=IPOL_STU(2020)652751 . A study Daniel Gros and I did for the European Parliament on the prospects for enhancing the currency's international role.

Shinzo Abe presided over an astonishing period of stability in Japan. His successor promises continuity, but a recession, an aggressive China, and a possible second Trump term will make it difficult to deliver on that promise, @observingjapan argues.
https://trib.al/Bcbe1U8

I don't think I've read anything that lays bare America's "cold civil war" as well as @jbouie does here. https://www.nytimes.com/2020/09/25/opinion/trump-supreme-court-missouri-compromise.html

Pucha, qué DURA qué esta la economía argentina...
La economía argentina:
https://r24n.com/contenido/198177/primicia-exclusiva-alvarez-agis-remplazaria-a-martin-guzman-como-ministro-de-eco

mi nota de hoy en @Cronistacom #dolar #Crisis https://www.cronista.com/columnistas/El-problema-es-el-exagerado-poder-del-Instituto-Patria-20200924-0056.html

Hay que sacar a la política económica de la cuarentena

Compartimos nota que publicamos hoy con @MattigFran en @Cronistacom

https://www.cronista.com/columnistas/Hay-que-sacar-a-la-politica-economica-de-la-cuarentena-20200925-0020.html

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