Some figures churned out by Statistics New Zealand – Exports -10.0% y/y for the period of 1-13 May – Imports -2.9% y/y for the period of 1-13 May – Exports -2.5% y/y to NZ$2.16 billion in April This is all according to provisional and indicative trade data during the period above. In terms of cumulative […]
Blogs
Japan's Nishimura: Will look at data up until today before lifting state of emergency in remaining prefectures
Comments by Japanese economy minister, Yasutoshi Nishimura lifted such measures for 39 out of the 47 prefectures See here for global coronavirus case data
Japan warns that possible to see new wave of infections before winter
Remarks by Japan's deputy head of the coronavirus panel, Shigeru Omi The whole idea for the world is to move forward while trying to keep the number of infections at a manageable level, but a secondary outbreak – one that is significant – will present a lot of complications and potential problems for many countries.
Germany reports 797 new coronavirus cases, another 83 deaths in latest update
The situation remains manageable in Europe's biggest economy The more important statistic is that RKI estimates the virus reproduction rate to be at 0.86 as of yesterday with the 7-day average seen at 0.81.
Merrill Lynch is downbeat on consumer recovery from the virus – spending will likely remain highly impaired
A note from Merrill Lynch comparing Denmark and Sweden which points to a significant implication according to the analysts. Denmark and Sweden What about the economic costs?
China's Global Times is confused, thinks a kangaroo is a dog
China's Global Times is cranking the pressure on Australia but seems to have a problem with discerning animals. Hawks, kangaroos, dogs. WTF? China is unhappy with Australia for leading calls for an enquiry into the origin and spread of the coronavirus.
Singapore is discussing reopening border / travel with Australia, New Zealand, China, South Korea
SG looking at reopening a travel bubble for the country See here for global coronavirus case data
China government official says 95.4% of major industrial firms employees have returned to work
China's Ministry of Industry and Information Technology: – around 99.1% of sizeable industrial companies in China have resumed operations as of May 18 – 95.4% of their employees had returned to work
Mainland Chinese airlines show signs of recovery
Nikkei reporting on some encouraging info out of China,. may be indicative of what is ahead globally? (Given China is a couple of months ahead of most other countries in coronavirus recovery, travel restrictions being lifted and what have you)
Forecasts for GBP cut – Brexit risks weigh
Not just Brexit, HSBC say the UK's fiscal position is one of the worst in the G10 – Brexit risks have come bubbling back up – the UK government insist there will be no extension of the Dec deadline to exit which leaves the risk of a no trade deal exit End of 2020 forecasts: