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PrintGLOBAL DATA WATCH
- Less risky business
- 2009-11-18
One of this year’s key positive surprises has been the rebound in global consumer spending. With financial markets also lifting, this is expected to produce a gradual shift in business behavior from retrenchment to expansion, most importantly in global labor markets. The extent of this shift in behavior already in train may not be fully appreciated. Notwithstanding the disappointing October labor market reports in the US, conditions elsewhere are showing clear signs of improvement. The unemployment rate outside the US was stable at 7.8% in 3Q09,and early readings point to continued stability in October. This week’s reports highlighted that a range of countries are now generating job growth, including Australia, China, Korea, the Philippines, Brazil, Chile, and Russia. Japan’s labor market appears to have bottomed, as does Germany’s. Jobs are still falling in the UK, but the pace has moderated greatly. One common driver of labor market improvement is the sharp reduction in job shedding in
NOTES AND SPECIAL REPORTS
| Global consumers getting better fundamental support | 2009-11-19 |
| Euro area capital spending starts to rise | 2009-11-19 |
| Japan’s capital stock cycle points to a rise in capex in 2010 | 2009-11-19 |
| UK: lower inflation will take time to show up | 2009-11-18 |
| Court of claims: US job shedding is nearly over | 2009-11-10 |
| US: assessing the fiscal policy lift to 3Q GDP | 2009-10-30 |
| Currency unlikely to prevent strong Euro area export growth | 2009-10-30 |
| Japan: small firms’ recovery is muted as usual | 2009-10-30 |
| UK QE: so far, so good—but now what? | 2009-10-30 |
| The UK is lagging in the global recovery race | 2009-10-30 |
| Data Watch: Summary Outlook | 2009-11-18 |
| Regional Data Calendars | 2009-11-18 |
DATA WATCH BY COUNTRY/REGION
DAILY ECONOMIC BRIEFING
| November 19, 2009 | 2009-11-19 |
| November 18, 2009 | 2009-11-18 |
| November 17, 2009 | 2009-11-17 |
| November 16, 2009 | 2009-11-16 |
| November 10, 2009 | 2009-11-10 |
Note: Global Data Watch is updated every Wednesday. Daily Economic Briefing is updated with a 1-day delay and is not published on Fridays.