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The Philippines economy contracted by 8.3% y/y in the last quarter of 2020
Industry GDP declined on a real-terms basis by 9.9% y/y in Q4 2020, services by 8.4% y/y, and agriculture, forestry and fishing by 2.5% y/y.
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The US ended 2020 with 4% q/q annualised growth in Q4
On the same basis, personal consumption expenditures increased by 2.5% in Q4 2020
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Brazil’s federal tax revenues rise in December 2020
The tax revenues collected by the Brazilian federal government increased by 7.8% y/y, in nominal terms, to BRL 159bn in December 2020, reflecting the economic activity recovery.
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China’s total social financing and M2 growth accelerated in 2020
Both aggregate financing and M2 recorded a higher average growth rate in 2020 compared to 2019
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China’s holdings of U.S. treasury securities went up in November 2020
The trend over the past three years was downward in general, starting from mid-2018 when the trade tensions between the US and China escalated
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Brazil’s industrial inventories keep falling in December
The index in December was slightly lower than in November, when the indicator was 45.8
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Argentina ended the year 2020 with 36.1% inflation
The consumer price growth was on a moderate deceleration path throughout 2020
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Poland's trade surplus stays stable in November 2020
The surplus has been steadily increasing on a monthly basis since July.
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Japan's retail trade sees slower growth in November 2020
The indicator grew on an annual basis too, by 5.9% y/y
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Brazil’s industrial confidence decreases in January 2021
Companies are however more confident about future economic conditions.
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Brazil’s official inflation reaches 4.52% y/y in 2020
The index, considered the official measure of inflation, exceeded the inflation target for 2020
