Economics

The ECB’s new stimulus package adds to top-line challenges for European banks though the measures should support loan quality and asset valuations, says Scope Ratings.

The monthly data published at the start of the second quarter are fairly mixed and show no tangible signs of growth momentum improving in China. The GDP published for the second quarter has recently confirmed this sentiment. The slowdown at work since the start of the decade is continuing, but not accelerating.

The G20 summit in Japan on the 28-29 June will take the center stage this weekend as the world’s two largest economies remain locked in an ongoing trade war.

According to Bastien Drut, Senior Strategist at CPR AM, the context of the US economy in 2019 is not unlike that of 2007, that is to say, a period of economic slowdown that preceded the recession of 2008/2009.