United States: Small banks have been grappling with higher credit card delinquencies.
The United Kingdom: As was widely expected, Parliament blocked the Prime Minister’s call for an early general election.
Also, the UK leadership approval rate declined this year.
The Eurozone: Loan growth has diverged from the GDP, which doesn’t appear to be sustainable.
China: Crude oil imports have been climbing much faster than the demand for fuel. It suggests that China may be adding to its strategic oil stockpile.
According to Fitch Solutions, transport and heavy industries sectors, which account for about 70% of domestic oil demand, have been hit the hardest by the slowdown.
Global Developments: The decline in backlogs could become a drag on developed markets’ core CPI.
Food for Thought: Expenditures on obesity-related health conditions:
Edited by Devon Lall
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