It’s been a drama-filled week in Trumpland and Group Chief Economist Neil Shearing is on The Weekly Briefing from Capital Economics to take stock of what happened, what didn’t happen, and the implications for macro and markets.
As well as discussing the lessons learned from Donald Trump’s trade actions so far, Neil reviews the latest US labour market data and talks about why Europe and the US appear to be on such divergent economic paths.
Also on the episode, China Economist Leah Fahy talks to Deputy Chief EM Economist Shilan Shah about her striking new analysis which shows how China is taking market share from low-end EM manufacturers, upending a long-standing theory about how these economies industrialise in the process.
Events and analysis referenced in this episode:
EMs and the suspension of US aid
https://www.capitaleconomics.com/publications/emerging-markets-economics-update/ems-and-suspension-us-aid
Drop In: Global Inflation Watch - How US and EU inflation paths are diverging
https://www.capitaleconomics.com/events/drop-global-inflation-watch-how-us-and-eu-inflation-paths-are-diverging
Commodities Drop-In: Trump tariffs and global commodities markets
https://www.capitaleconomics.com/events/commodities-drop-trump-tariffs-and-global-commodities-markets
What is The Weekly Briefing from Capital Economics?
Capital Economics, a world leading provider of macroeconomic insight, presents The Weekly Briefing – the show with all you need to know about what's happening in the global economy and markets. From the Fed's next decision to China's slowdown to moves in equities, bonds and FX, each week, our team of economists take apart the big economic and market stories and highlight the issues that investors should be paying more attention to.