Overseas Headlines- January 21, 2020

January 21, 2020

United States:

Trump Legacy at Risk as Senate Impeachment Trial Opens Today

“President Donald Trump’s impeachment trial formally opens in the Senate on Tuesday, promising to shape his legacy, deepen the country’s political divisions and influence control of power in the nation’s capital for years to come. While the president faces little risk of removal from office by the Republican-led Senate, the trial may bring to life new details of Trump’s Ukraine scandal and help sway undecided voters in the 2020 elections.”



German Investors Grow More Optimistic After Trade Tensions Ease

“Investor confidence in Germany’s growth outlook rose to the highest in more than four years years after easing trade tensions bolstered prospects for the country’s ailing manufacturers. ZEW’s index of expectations for the next six months increased to 26.7 in January, exceeding all estimates in a Bloomberg survey. The gauge turned positive last month for the first time since April, meaning more respondents are optimistic about the future than pessimistic.”



Taiwan’s Economy Accelerated in Final Quarter of 2019

“Taiwan’s economic growth accelerated in the final quarter of 2019, capping a year of better-than-expected performance amid investment returning from China. Gross domestic product expanded 3.38% in the final three months, faster than in the previous quarter and economists’ estimates of 2.78% growth. For the year, the economy grew 2.73%, just behind 2018’s pace of 2.75%.”



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