After the shock of the 7.0% q-o-q GDP fall in Q2, the chances of a widely forecast third consecutive quarterly GDP fall in Q3 are receding. The economy is showing resilience, notwithstanding the economic damage from the late-July imposition of stage 3/4 lock-downs in...
Risk assets rose in August as financial markets focused on economic recovery beyond the low-point of the Covid-19 recession in Q2 2020. Recovery optimism was encouraged by stronger economic readings for the period beyond early Q2 and continuing massive, coordinated...