The Bank of East Asia

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Special Report
Market Monitor
China’s main economic data failed to live up to market forecasts in July. Retail sales rose at 8.5% year-on-year in July, below the market forecast of 11.5%. …
Hong Kong slightly revised up its Q2 economic growth to 7.6% year-on-year, and the economy grew at 7.8% in the first half of 2021. …
With lockdown measures gradually lifted, the UK economy saw further improvement in Q2 2021, with GDP growing at 4.8% quarter-on-quarter, compared to a 1.6% contraction in the previous quarter. …
The University of Michigan’s consumer sentiment index dropped to 70.3 in its final reading in August, as the rapid spread of the delta variant in the US intensified worries about the path of economic recovery. …
Although faced with the Delta variant, the EU currency bloc could rise out of its double-dip recession, with the economy having grown by 2% quarter-on-quarter in Q2 and 13.6% year-on-year. …