Weekly summary: U.S. grows, Germany shows mixed figures. 

Here’s this week economic outlook.

  • U.S.: With a 3% GDP growth in the second quarter and a decrease in jobless claims, consumer confidence is on the rise. 
  • Germany: Despite a drop in inflation to 2%, consumer distrust persists. With a quarterly contraction of 0.1%, Germany adjusts its economic pace. 
  • Japan: Facing inflation, the Bank of Japan remains firm on its interest rate increase stance. 
  • China: Industrial companies saw a 4.1% increase in profits thanks to high-tech manufacturing. 
  • Argentina: At risk of meeting its national debt payment, Moody’s foresees a possible restructuring. 
  • Brazil: With an annual inflation rate of 4.35% during the first half of August, the country remains close to its 4.33% estimate. The Central Bank has a new monetary policy director. 
  • Mexico: Víctor Rodríguez Padilla will be the new director of Pemex. Banxico adjusts its growth estimates to 1.5%. 

Important events next week 

United States 

  • ISM manufacturing data will be released on September 3rd. 
  • Employment indicators will be published on September 6th. 

Monitor 

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