Things are bad, but it's not looking like the Depression.
Here's a closer look at the current situation |
00:01 -
05/06/20 |
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S&P:
China's credit growth during
COVID-19
has been aggressive- but not as aggressive as in recent
crises. We expect Beijing will rein in this expansion
assuming GDP rebounds in 2021, and that it will swiftly
restore its debt discipline agenda |
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Euro-area retail sales plunged more than 11% for a second
month in April, with clothing down 21% compared with the
March |
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European stimulus eases fear of another debt crisis |
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The pound snaps its longest winning streak in nearly three
months and slips against almost all its G-10 peers as the
U.K. careens toward a fight with China |
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