RaboResearch - Economic Research

Economic Comment

China: domestic cooling down while external heat rises further

Most recent monthly figures confirm our view of a continuous slowdown of economic growth. More stimulus is on the cards, but this will be less massive and more targeted than during previous episodes. The trade war developments can be characterized by ‘one step forward, two steps back’.

Special

US-China trade war: no turning back

The recent announcement from the US to further up the ante in the trade dispute with China clearly marks a new escalation in the trade war. If one takes China’s recent response into account, it’s hard to see either side trying to ease tensions at this stage.