Global briefing: Taiwan status quo/ Inflation & rates/ Rewiring global flows/ China’s headwinds/ Trump & Europe
Insights on five global developments that matter this week.
In this week's global briefing:
1. Taiwan status quo: Taiwan’s voters re-elected the DPP but removed its legislative majority, leading to a broad continuation of the status quo but with a softer tone likely
2. Inflation & rates: The market sell-off earlier this week on a more cautious view on inflation was timely; some drivers of inflation will persist, slowing the reduction in rates
3. Rewiring global flows: China’s latest trade data confirms the start of a recovery in world trade, as well as ongoing alignment of trade flows with geopolitical affiliation
4. China’s headwinds: China’s slowing GDP growth path and contracting population places increased importance on policies to lift productivity growth
5. Trump & Europe: The strength of Mr Trump’s candidacy is focusing the minds of European leaders on the economic and security exposures to a second Trump term
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