First punitive rates, then stock market crash – next to the world, a global recession could follow. Economists are currently wondering what consequences the relegated trade conflict of US President Donald Trump could have for the world economy. Some information can provide information.
From the foreign trade data you can see if and how the flow of goods are changing due to the trade conflict. The export data for China will be published relatively quickly. “The order input is likely to be the crucial size,” says VP Bank, Thomas Gitzel.
American customers can, for example, order fewer goods due to customs costs. So a question is also whether the prices attract because of the rates. Consumer prices in the United States give a first answer to this. The next publication will take place on Thursday, but still before March. The April details are planned for 13 May.
Inflation expectations play a role
“In addition to the hard facts, inflation expectations are currently also playing a central role,” said economist Tobias Basse. “In this respect there will be great interest in the preliminary songs of April of the Consumer Survey of the University of Michigan and the data from the New York Fed.”
Monthly surveys among US companies, China, the eurozone and Germany also give a rapid indication of the consequences of the American criminal duel. For example, the Finanzhaus S&P Global requires thousands of companies around the world, how the order situation, store costs, selling prices and personnel plans develop. Changes compared to the rates can be quickly reflected here.
Less new unemployed than expected
Another factor is also unemployment in the United States, and it is specifically involved in applying for unemployment. Last week, 219,000 Americans submitted an application for government support. That is less than expected. About 270,000 applications are being discussed about a negative trend.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
