This Week's State Of The Economy - What Is Ahead? - 20 August 2021

By: Taro Chellaram /Wells Fargo Economics & Financial Report/Aug 24, 2021

This Week's State Of The Economy - What Is Ahead? - 20 August 2021

In a little bit of a twist, I’ll highlight an International element of the week’s current economic activity.  The Wells Fargo Economics team notes in the Commentary that new COVID cases in New Zealand disrupted the Reserve Bank of New Zealand's plan to tighten monetary policy this week.  That raises a question about whether, going forward, rising COVID cases alter any other central banks' plans to normalize interest rates.  Also, China activity data missed expectations by a wide margin, signaling China's economy is also under pressure as a result of new restrictions.




This Week's State Of The Economy - What Is Ahead? - 16 October 2020

Data continue to reflect an economy digging itself out of the lockdown-induced slump.

This Week's State Of The Economy - What Is Ahead? - 27 August 2021

In other economic news, output continues to ramp up across the U.S., even as the resurgence in COVID cases is leading to some pullback in consumer engagement.

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Retail sales declined 0.4% during February, while industrial production was flat (0.0%). Housing starts and permits jumped 9.8% and 13.8%, respectively.

This Week's State Of The Economy - What Is Ahead? - 25 June 2021

Supply chain bottlenecks continue to cause pain-in-the-necks. In spite of all the difficulties, the Economic whizzes in the WF Economics team have upgraded their forecast for full-year 2021 U.S.

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As you may have already seen, inflation is running almost as hot as the stock of our favorite bank. The Consumer Price Index (CPI) rose 7.0% year-over-year in December, the fastest increase in nearly 40 years.

This Week's State Of The Economy - What Is Ahead? - 31 January 2020

Mexico’s economy has slowed notably over the last year, with the economy contracting again in Q4, indicating a full-year contraction for 2019.

This Week's State Of The Economy - What Is Ahead? - 17 April 2020

Economic data from the early stages of the Great Shutdown have finally arrived, and they are as bad as feared. ‘Worst on record’ is about to become an all too common refrain in our commentary.

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Although the recovery from the COVID recession is still far from over, the U.S. economy is bouncing back faster than many expected.

This Week's State Of The Economy - What Is Ahead? - 22 October 2021

Restrictions from a renewed COVID outbreak in China, regulatory changes weighing on local financial markets and a potential collapse of Evergrande have all contributed to a slowdown in Chinese economic activity.

This Week's State Of The Economy - What Is Ahead? - 07 October 2022

higher interest rates and inflation appear to be weighing on manufacturing and construction, yet service sector activity remains fairly resilient.


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