How quickly and deeply will economic growth slow? That’s the critical question, but the future being the future the answer is unclear. What we do know is that headwinds are building. We also know that growth has probably rebounded from the first quarter’s contraction, based on GDP. Beyond these basic facts, the outlook turns murky.
Daily Archives: May 20, 2022
Macro Briefing: 20 May 2022
* Biden begins Asia trip in South Korea, focusing on tech and global issues
* Canada announces ban on China’s Huawei and ZTE from its 5G networks
* US housing market ‘vulnerable’ to price correction, says ING economist
* China on path of rate cuts after cutting mortgage rate to revive economy
* Inflation taking a toll on retail sector as more Fed rate hikes approach
* Inflation in Japan, the land of deflation, hits 7-year high in April
* US existing home sales fell for a third straight month in April
* Philly Fed Mfg Index indicates sharp slowdown in growth in May
* US jobless claims rise to highest level since January:
