The Economist 29Feb2020

72 The EconomistFebruary 29th 2020

Economic data

Gross domestic product Consumer prices Unemployment Current-account Budget Interest rates Currency units

% change on year ago % change on year ago rate balance balance 10-yr gov't bonds change on per $ % change

latest quarter* 2019† latest 2019† % % of GDP, 2019† % of GDP, 2019† latest,% year ago, bp Feb 26th on year ago

United States 2.3 Q4 2.1 2.3 2.5 Jan 1.8 3.6 Jan -2.5 -4.6 1.3 -131 -

China 6.0 Q4 6.1 6.1 5.4 Jan 2.9 3.6 Q4§ 1.5 -4.3 2.6 §§ -42.0 7.02 -4.6

Japan -0.4 Q4 -6.3 0.8 0.7 Jan 0.5 2.2 Dec 3.6 -3.2 nil -8.0 111 0.1

Britain 1.1 Q4 0.1 1.3 1.8 Jan 1.7 3.8 Nov†† -4.3 -1.8 0.6 -59.0 0.77 -1.3

Canada 1.7 Q3 1.3 1.7 2.4 Jan 2.0 5.5 Jan -2.1 -1.0 1.2 -65.0 1.33 -0.8

Euro area 0.9 Q4 0.2 1.2 1.4 Jan 1.2 7.4 Dec 3.2 -0.9 -0.5 -62.0 0.92 -4.3

Austria 1.5 Q3 -0.7 1.5 2.0 Jan 1.5 4.2 Dec 1.6 0.2 -0.3 -80.0 0.92 -4.3

Belgium 1.2 Q4 1.6 1.4 1.4 Jan 1.2 5.3 Dec -0.6 -1.3 -0.2 -78.0 0.92 -4.3

France 0.8 Q4 -0.3 1.2 1.5 Jan 1.3 8.4 Dec -0.9 -3.2 -0.2 -76.0 0.92 -4.3

Germany 0.5 Q4 0.1 0.6 1.7 Jan 1.4 3.2 Dec 7.3 1.5 -0.5 -62.0 0.92 -4.3

Greece 2.7 Q3 2.3 2.2 0.9 Jan 0.5 16.6 Oct -2.1 0.6 1.2 -255 0.92 -4.3

Italy nil Q4 -1.3 0.2 0.5 Jan 0.6 9.8 Dec 2.9 -2.2 1.0 -171 0.92 -4.3

Netherlands 1.5 Q4 1.5 1.8 1.8 Jan 2.7 3.8 Jan 9.2 0.6 -0.4 -63.0 0.92 -4.3

Spain 1.8 Q4 2.1 2.0 1.1 Jan 0.8 13.7 Dec 1.0 -2.2 0.2 -104 0.92 -4.3

Czech Republic 3.4 Q3 0.8 2.6 3.6 Jan 2.9 2.0 Dec‡ 0.7 0.2 1.4 -53.0 23.3 -3.0

Denmark 2.3 Q3 1.2 2.1 0.7 Jan 0.8 3.7 Dec 8.3 1.5 -0.5 -70.0 6.88 -4.5

Norway 1.8 Q4 6.5 1.0 1.8 Jan 2.2 3.9 Dec‡‡ 5.4 6.5 1.3 -46.0 9.40 -8.5

Poland 3.1 Q4 0.8 4.2 4.4 Jan 2.3 5.5 Jan§ 0.5 -1.2 1.9 -98.0 3.96 -3.8

Russia 1.7 Q3 na 1.2 2.4 Jan 4.5 4.7 Jan§ 4.8 1.8 6.2 -226 65.2 1.1

Sweden 1.7 Q3 1.1 1.3 1.3 Jan 1.8 7.5 Jan§ 4.3 0.4 -0.2 -49.0 9.75 -4.5

Switzerland 1.1 Q3 1.6 0.8 0.2 Jan 0.4 2.3 Jan 10.2 0.5 -0.8 -53.0 0.98 2.0

Turkey 0.9 Q3 na 0.1 12.2 Jan 15.2 13.3 Nov§ 0.2 -3.0 12.0 -310 6.15 -13.7

Australia 1.7 Q3 1.8 1.7 1.8 Q4 1.6 5.3 Jan 0.3 0.1 0.9 -118 1.53 -9.2

Hong Kong -2.9 Q4 -1.3 -1.2 1.4 Jan 2.9 3.4 Jan‡‡ 6.9 -0.5 1.2 -55.0 7.79 0.8

India 4.5 Q3 4.5 4.9 7.6 Jan 3.7 7.2 Jan -1.2 -3.9 6.3 -124 71.7 -0.8

Indonesia 5.0 Q4 na 5.1 2.7 Jan 3.0 5.3 Q3§ -2.3 -2.0 6.5 -135 13,933 0.4

Malaysia 3.6 Q4 na 4.5 1.6 Jan 0.7 3.3 Dec§ 3.4 -3.5 2.9 -105 4.23 -3.8

Pakistan 3.3 2019** na 3.3 14.6 Jan 9.4 5.8 2018 -2.6 -8.9 11.2 ††† -195 154 -9.9

Philippines 6.4 Q4 9.1 5.9 2.9 Jan 2.5 4.5 Q4§ -0.3 -2.8 4.3 -200 51.0 1.9

Singapore 1.0 Q4 0.6 0.7 0.8 Jan 0.6 2.3 Q4 17.4 -0.5 1.5 -67.0 1.40 -3.6

South Korea 2.2 Q4 4.7 2.0 1.5 Jan 0.4 4.1 Jan§ 3.6 -0.3 1.4 -61.0 1,217 -8.1

Taiwan 3.3 Q4 7.8 2.7 1.9 Jan 0.6 3.7 Jan 11.8 -0.9 0.6 -27.0 30.4 1.4

Thailand 1.6 Q4 1.0 2.4 1.1 Jan 0.7 1.0 Dec§ 7.5 -2.8 0.9 -129 31.9 -1.7

Argentina -1.7 Q3 3.8 -2.7 52.9 Jan‡ 53.5 9.7 Q3§ -1.6 -3.8 na -464 62.1 -37.2

Brazil 1.2 Q3 2.5 1.2 4.2 Jan 3.7 11.0 Dec§‡‡ -2.3 -5.7 4.1 -298 4.39 -14.3

Chile 3.3 Q3 3.0 1.3 3.5 Jan 2.3 7.0 Dec§‡‡ -3.0 -1.8 3.5 -67.0 809 -19.7

Colombia 3.4 Q4 1.9 3.1 3.6 Jan 3.5 9.5 Dec§ -4.5 -2.5 5.6 -107 3,433 -10.0

Mexico -0.5 Q4 -0.5 -0.1 3.2 Jan 3.6 3.1 Dec nil -1.6 6.5 -173 19.1 0.4

Peru 1.8 Q4 0.6 2.2 1.9 Jan 2.1 7.4 Jan§ -1.9 -1.6 3.7 -175 3.41 -2.9

Egypt 5.7 Q3 na 5.6 7.1 Jan 9.2 8.0 Q4§ -1.8 -8.0 na nil 15.6 12.2

Israel 3.9 Q4 4.8 3.3 0.3 Jan 0.8 3.6 Jan 2.5 -3.8 0.7 -130 3.43 5.5

Saudi Arabia 2.4 2018 na 0.4 0.4 Jan -1.2 5.5 Q3 4.8 -6.0 na nil 3.75 nil

South Africa 0.1 Q3 -0.6 0.4 4.4 Jan 4.1 29.1 Q4§ -3.8 -5.9 8.7 4.0 15.1 -8.3

Source: Haver Analytics. *% change on previous quarter, annual rate. †The Economist Intelligence Unit estimate/forecast. §Not seasonally adjusted. ‡New series. **Year ending June. ††Latest 3 months. ‡‡3-month moving

average. §§5-year yield. †††Dollar-denominated bonds.

Commodities

TheEconomist commodity-price index % change on

2015=100 Feb 18th Feb 25th* month year

DollarIndex

AllItems 111.4 110.1 -3.0 0.8

Food 98.7 96.3 -3.8 5.6

Industrials

All 123.4 123.0 -2.4 -2.4

Non-foodagriculturals 101.0 99.3 -2.4 -11.3

Metals 130.0 130.0 -2.4 -0.2

SterlingIndex

Allitems 130.5 129.1 -3.2 2.5

EuroIndex

Allitems 114.2 112.4 -1.8 5.4

Gold

$ peroz 1,602.4 1,654.7 5.3 24.5

Brent

$ perbarrel 57.1 55.8 -7.0 -14.7

Sources:Bloomberg; CME Group; Cotlook; Datastream from Refinitiv;

Fastmarkets;FT; ICCO; ICO; ISO; Live Rice Index; LME; NZ Wool

Services;Thompson Lloyd & Ewart; Urner Barry; WSJ. *Provisional.

Markets

% change on: % change on:

Index one Dec 31st index one Dec 31st

In local currency Feb 26th week 2019 Feb 26th week 2019

United States S&P 500 3,116.4 -8.0 -3.5

United States NAScomp 8,980.8 -8.5 0.1

China Shanghai Comp 2,987.9 0.4 -2.0

China Shenzhen Comp 1,890.6 2.4 9.7

Japan Nikkei 225 22,426.2 -4.2 -5.2

Japan Topix 1,606.2 -3.9 -6.7

Britain FTSE 100 7,042.5 -5.6 -6.6

Canada S&P TSX 17,041.9 -4.9 -0.1

Euro area EURO STOXX 50 3,577.7 -7.4 -4.5

France CAC 40 5,684.6 -7.0 -4.9

Germany DAX* 12,774.9 -7.4 -3.6

Italy FTSE/MIB 23,422.5 -8.1 -0.4

Netherlands AEX 581.8 -7.5 -3.8

Spain IBEX 35 9,316.8 -7.6 -2.4

Poland WIG 53,451.0 -7.8 -7.6

Russia RTS, $ terms 1,461.2 -5.2 -5.7

Switzerland SMI 10,512.2 -6.7 -1.0

Tu r ke y BIST 115,171.3 -3.4 0.7

Australia All Ord. 6,790.7 -6.2 -0.2

Hong Kong Hang Seng 26,696.5 -3.5 -5.3

India BSE 39,889.0 -3.5 -3.3

Indonesia IDX 5,688.9 -4.0 -9.7

Malaysia KLSE 1,495.2 -2.5 -5.9

Pakistan KSE 38,338.3 -5.5 -5.9

Singapore STI 3,117.5 -3.0 -3.3

South Korea KOSPI 2,076.8 -6.0 -5.5

Taiwan TWI 11,433.6 -2.8 -4.7

Thailand SET 1,366.4 -9.2 -13.5

Argentina MERV 36,422.2 -5.1 -12.6

Brazil BVSP 105,448.1 -9.5 -8.8

Mexico IPC 42,737.3 -4.8 -1.8

Egypt EGX 30 13,200.7 -3.6 -5.4

Israel TA-125 1,609.1 -4.0 -0.5

Saudi Arabia Tadawul 7,711.1 -3.2 -8.1

South Africa JSE AS 55,047.2 -5.0 -3.6

World, dev'd MSCI 2,258.6 -7.1 -4.2

Emerging markets MSCI 1,043.3 -5.5 -6.4

US corporate bonds, spread over Treasuries

Dec 31st

Basis points latest 2019

Investment grade 151 141

High-yield 503 449

Sources: Datastream from Refinitiv; Standard & Poor's Global Fixed

Income Research. *Total return index.

Formorecountriesandadditionaldata,visit

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