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Japan isn’t Headed for Recession, it’s in Recession (Money Maven, 4 min read) Japan’s 6.3% QoQ annualised GDP decline in Q4 was the deepest contraction since the last VAT hike in 2014. Given this came before the hit from the coronavirus the country is already in the midst of a severe recession.
Growth, Inflation, and the Potential for Disruption (PIMCO blog, 4 min read) Global growth will slow then rebound ahead of the US with global PMIs already improving, particularly in EM, while business sentiment in Europe has started to improve. Meanwhile, the US faces a hit from the Boeing production cut and political uncertainty ahead of the presidential elections.
India is Now the World’s 5th Largest Economy (World Economic Forum, 2 min read) India has now overtaken the UK and France to become the world’s fifth largest economy (in nominal USD terms). But with growth slowing sharply in recent quarters and the country still accounting for 25% of the world’s poor India faces huge challenges ahead.