US employment level is one of the main drivers of US Economy. US unemployment rate rose by 0.1% to 3.6%, while 225,000 jobs were created in January after adding 147,000 positions in December. These have led to an increase in claims of state unemployment benefits due to increase in Labour force. Reuters
House, auto fuel and factory output prices are part of the main drivers of UK Inflation. House prices increased by 2.2% while auto fuel and factory output prices increased by almost 2% and 1.1%. These have led to an increase in consumer prices and core inflation by 1.8% and 1.6% respectively. Bloomberg
Inflation is one of the main drivers of Japan’s economy. Consumption decreased by 2.9% while core inflation is currently 0.7%. This has led to decrease in Japan’s GDP in the fourth quarter 2019 due to the previous inflation target of 2%. Reuters
Sales tax is one of the main drivers of Japan’s Economy. Private consumption decreased by 2.9%, while capital expenditure decreased by 3.7% in fourth quarter 2019 caused by an increase in sales tax. These led to decrease in Japan’s gross domestic product (GDP) by 6.3% in fourth quarter 2019. Reuters
Fiscal policies are one of the main drivers of US economy. US budget deficit is expected to average $1.3 trillion a year over the next decade, while US economy is expected to grow by 2.2% in 2020, with the growth rate falling below 2.0% in future years. Reuters
Inflation & Interest rates are one of the main drivers of US economy. US Short-term borrowing costs target is between 1.50% and 1.75%, while inflation based on the price index for personal consumption expenditures was 1.6% in 2019.These places US economy in a position of continued expansion. Reuters
Annual Budget is one of the main drivers of US economy. The US economy grew by 2.3% in 2019, while President Donald Trump’s is proposing $4.8 trillion budget for 2020. These should lead to US economy growth of 2.2% in 2020. Reuters
China fiscal spending is one of the main drivers of Chinese Economy. China fiscal spending increased by 8.1% in 2019 while fiscal revenue increased by 3.8% in 2019. These led to growth in Chinese economy by 6.1% in 2019. Reuters
Us job growth is one of the main drivers of US economy. US unemployment rate remained low at 3.50% in January 2020 while the US economy grew by 2.3% in 2019. These leads to expectations of US economic growth by 2% in 2020. Reuters
Tariffs are the main driver of US – China trade deal. China’s finance ministry announced that additional tariffs levied on some goods will be cut to 5% from 10% while others lowered to 2.5% from 5%. The objective is to abide by the trade deal and implement it to boost market confidence, push bilateral trade…
