December 18, 2020
United States:
Every State in U.S. Saw Personal Incomes Drop in Third Quarter
“Every U.S. state saw personal income drop in the third quarter as stimulus wound down, underscoring the need for fresh aid as Congress moves closer to a deal. West Virginia led declines, contracting 30% at an annual rate, as Michigan, Kentucky and Oklahoma all registered drops exceeding 20%, Commerce Department data showed Thursday.”
Europe:
German Businesses Are Optimistic About Recovery in 2021
“German businesses are hopeful that Europe’s largest economy will pick up in the first half of next year. A gauge measuring expectations for the next six months rose to 92.8 in December from 91.8 the previous month, according to the Ifo institute. Companies were also more optimistic about the current situation, a sign that tough new coronavirus restrictions only affect certain sectors.”
Asia:
Japan Prices Fall at Fastest Pace in a Decade as BOJ Meets
“Japan’s key consumer prices slid at the fastest pace in 10 years in November, data showed, as the central bank wraps up a policy meeting and the nation battles a resurgence of the coronavirus. Prices excluding fresh food fell 0.9% from a year earlier, as a steeper drop in energy costs drovethe index down further after October’s 0.7% drop, the ministry of internal affairs reported Friday. The result matched the median forecast from economists.”
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