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Business and Market Discussion / View from Taiwan

2020-08-13

Business and Market Discussion / View from Taiwan

2020-08-13
 The UK economy suffered its biggest slump on record, shrinking 20.4% in the second quarter compared with the first three months of the year. The latest data puts the UK officially in recession. The decline in UK GDP is double that in the US and worse than all its European peers, apart from Spain. However, in June, economic output grew 8.7% month on month, a recovery that was faster than most economists had expected.



The US consumer price index jumped by a seasonally adjusted 0.6% in July from the previous month, higher than economists’ forecast for 0.3% growth. It’s the second month in a row that inflation has climbed 0.6%, and the first rises since February. On a year-on-year basis, the CPI was up 1% versus 0.6% in June. Core CPI, which excludes volatile food and energy prices, was up 0.6%, compared with forecasts of 0.2% growth.



Data from the eurozone, also showed an economic improvement was under way. Eurozone industrial production rose 9.1% in June, following a record 12.4% increase in May. However, industrial production remains down more than 12.3% from a year ago.


On today’s Money Talk, we’re joined by personal wealth advisor, Enzio von Pfeil, and Le Xia from BBVA Research. With a view from Taiwan is independent political risk consultant, Ross Feingold.

Money Talk

A fast moving and topical business and finance show bringing you breaking business and economic news and financial market updates. Presented by former CEO and investment bank global trading head Peter Lewis, with over 30 years' industry experience. Join Peter and his expert guests for analysis and discussion on the day's top business stories live every weekday morning 8 to 8:30 a.m. on RTHK Radio 3. We have a podcast to download after the show and you can also listen through the RTHK Radio 3 website live or later in the day. We welcome your questions, comments and feedback to read out in the show. You can email us at moneytalk@rthk.hk, post on our Facebook page "Money Talk on RTHK Radio 3 " or find us on twitter "MoneytalkRadio3") .
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