Global Economic And Trade News Of Note
- The Canadian Manufacturers and Exporters called on the nation’s leaders to enact policies “to ensure a solid growth for the industry” coming out of the COVID-19 pandemic.” Specifically, MSCI’s partners are CME called for programs to: get the workers that manufacturers and exporters need; stimulate investment in innovation and advanced technologies; increase Canadian exports; and adopt an industrial net zero strategy. Read more here.
- Factory output and retail sales in China slowed sharply in July. As Reuters explained, the news is fueling concerns that surging coronavirus infections are threatening the global economic recovery. Industrial production in China increased by 6.4 percent in July compared to a year earlier. Analysts had predicted a 7.8 percent increase after an 8.3 percent increase in June. Retail sales rose by 8.5 percent, falling far short of the expected 11.5 percent increase. Retail sales had increased 12.1 percent in June. The Wall Street Journal has more analysis of the slowing Chinese economy.