| Today's Economy
Projected Simultaneous Increases by U.S. and Europe Default Rates Reflect Global Slack Unless markets are convinced that any unfolding upswing by default rates will be of limited height, corporate credit spreads could widen considerably. Canada Weekly: Water, Water Everywhere, Nor Any Drop to Drink In its current state, Quebec won't be able to reap the benefits of its job growth. Europe Daily Briefing: No Good News From Germany's Ifo Survey data for 2019 look underwhelming, but Germany is far from recession. U.S. Economic Data Affected by Partial Government Shutdown for 1/25/19 Durable goods and new-home sales won't be released. » VIEW MORE TODAY'S ECONOMY
Commentary
ASEAN Outlook: Slower Momentum Downside risks dominate, including tightening global financial conditions and protectionism. Evolving Picture of the U.S. Shutdown Costs Delayed tax refunds and lapsed food stamp funding pose significant, though temporary, risks to growth Europe Weekly Highlights and Preview, 25 January, 2019 The U.K. Parliament is scheduled to discuss and vote on amendments to Theresa May’s plan B Brexit. FOMC Preview: A Pause Isn't the End The tightening cycle isn't necessarily over, but a restart will be data-dependent. » VIEW MORE COMMENTARY
Today's Economic Indicators
Russian Federation
Retail Sales
Dec. 2018: 2.3%
Russian retail growth pulled back to 2.3% y/y in December, from 3% in November. In monthly terms, retail increased by 18.6% as the holiday season kicked in, though this was a softer rise than in 2017. Russian Federation
Unemployment
Dec. 2018: 4.8%
Russian unemployment remained steady at 4.8% in December and was down 0.3 percentage point from a year ago. Mexico
Retail & Wholesale Sales
Nov. 2018: 3.4%
Sales at Mexico's retail stores continued to advance at a moderate pace in November as the economy decelerated. France
Job Seekers
Dec. 2018: 3.42 mil
The number of French job seekers increased slightly to 3.42 million in December after falling to 3.41 million in November, nearly a four-year low. » VIEW MORE ECONOMIC INDICATORS | 
