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China Experiences Strong Deflation Pressures in April
China’s Consumer price index (CPI) grew by 3.3% y/y, decelerating from 4.3% y/y in March
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US Unemployment Rate Jumps to a Record High in April
The April figure is the highest since records began in 1948
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China’s Exports Rose Unexpectedly in April 2020
China’s exports unexpectedly rose by 3.5% y/y
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China’s Foreign Exchange Reserves Recovered in April 2020
In April 2020, China's foreign exchange reserves recovered to USD 3.09tn
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Brazil’s Central Bank Cut the Interest Rate to a New Record Low
Brazil’s Central Bank cut the monetary policy interest rate (the Selic rate) by 0.75pp to 3%
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Euro Area GDP Contracts by 3.3% y/y in the First Quarter Of 2020
In Q1 2009 the GDP in the Eurozone fell by 5%. On a quarterly basis, the decline is 3.8%.
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US Economy contracts by 4.8% in Q1 2020
The US economy contracted by 4.8% q/q annualised in the first quarter of 2020
