August 2010 | World Economics
World Economics Monthly - August 2010
Latest monthly round-up and projections of key economic developments and indicators for all the key regions affecting the commodities sector.
US growth falters as wary consumers go to ground...
Worries about the global economys growth prospects have gathered pace over the summer months. During Q2, US GDP growth stalled as a rebound in inventories ran out of steam, while persistently high rates of unemployment and housing foreclosures are also weighing on consumption. Such bell weathers of the US retail market as Wal Mart, Home Depot and Saks have reported that consumers remain under pressure and are reluctant to spend, and even Federal Reserve chairman Bill Bernanke has warned of an unusually uncertain economic outlook. This has prompted renewed speculation that (having already lowered interest rates as far as it can) the Fed is planning to engage in quantitative easing in an effort to boost money supply during the autumn.
German GDP gets a helping hand from China...
Even in markets where the news on GDP growth...
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