Further indicators continue to point to a slowdown in China's economy. The Chinese manufacturing activity contracted again in November, declining for the second consecutive month with an index of 48 points.
The US economy moved away from technical recession in the third quarter. After reporting two consecutive declines in the first and second quarters of 2022 - -1.6% and -0.9% yoy,
Slight moderation of inflation in the United States and the United Kingdom. US inflation slowed in year-on-year terms to +8.3% in August (+8.5% in July), although higher than initially expected (+8,1%).
After the surge of COVID-19 cases in several parts of Asia and the Pacific in mid-February, China seems to be facing the worst national outbreak since the first wave of the pandemic.