| Today's Economy
Economic Roundup: Levels Don't Lie We look for U.S. GDP growth of 3.59% in the second quarter, but this still isn't a V-shape recovery. LatAm Daily Briefing: Inflation Remains Low and Stable Prices for consumer packaged goods and electricity bills have normalized following spikes in April and May. Asia-Pacific Daily Briefing: Australia's Return to Inflation in Q3 Consumer prices have continued to recover in the post-restrictions phase. Stocks Fall Off a Wall of Worry Uncertainty about the outcome of next week's elections causes markets to fret. » VIEW MORE TODAY'S ECONOMY
Commentary
Economic Challenges for Parents During COVID-19 U.S. households with children at home experienced sharper job and income losses than those with children not living at home. Euro Zone Outlook: Bracing for a Long, Cold Winter The second wave of virus will crush demand, weakening the recovery. U.S. Commodities Outlook: Will Oil Consumption Revive? The strength of the recovery in demand in 2021 will greatly depend on the evolution of the COVID-19 pandemic. U.S. Weekly Highlights and Preview, October 26, 2020 We look for GDP to have risen 35.9% at an annualized rate in the third quarter. » VIEW MORE COMMENTARY
Today's Economic Indicators
Malaysia
Foreign Trade
Sep. 2020: MYR22 bil
Malaysia’s trade balance widened to MYR22 billion in September, from MYR13.2 billion in August. Spain
Retail Sales
Sep. 2020: -0.3%
Spain’s retail sales decreased 0.3% in seasonally adjusted terms in September. United States
MBA Mortgage Applications Survey
October 23: 1.7%
Mortgage applications increased by 1.7% over the week of October 23, reversing the 0.6% decrease the previous week. United States
Advance Wholesale and Retail Inventories
Sep. 2020: -0.1%
Wholesale inventories inched down 0.1% in September. United States
International Trade in Goods - Advanced
Sep. 2020: -$79.4 bil
The advance U.S. nominal goods deficit narrowed from $83.1 billion in August to $79.4 billion in September. United States
Business Employment Dynamics
2020Q1: 7.0 mil
First-quarter 2020 gross job losses and gains reflect the impact of COVID-19 on the labor market. Canada
Monetary Policy
Oct. 2020: 0.25%
As was widely expected, the Bank of Canada chose to continue its accommodative monetary policy in light of a still-weak Canadian economy. United States
Moody’s Analytics Policy Uncertainty Index
October 23: 365.4
The four-week moving average in our U.S. policy uncertainty index jumped for the sixth consecutive week, increasing from 367.2 to 381.4 in the week ended October 23. United States
Oil Inventories
October 23: 492.4 mil barrels
A larger than expected rise in oil inventories will put downward pressure on oil prices. Brazil
Monetary Policy
Oct. 2020:
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