Charting the global economy: China’s economy gains momentum

economictimes.indiatimes.com:

China exceeded forecast, helped by stronger retail sales at the end of the third quarter and bolstered by government stimulus efforts.

Household demand was also robust in the US and likely contributed to the strongest pace of economic growth in nearly two years. Meanwhile, persistent industrial woes are projected to leave the German economy — Europe’s largest — in another recession this year.

Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy:

Asia
China’s economy gained momentum last quarter as people ramped up spending on everything from restaurants and alcohol to cars, offsetting a drag from the property crisis and putting Beijing’s annual growth goal well within reach.

China’s economy gained momentum last quarter as people ramped up spending on everything from restaurants and alcohol to cars, offsetting a drag from the property crisis and putting Beijing’s annual growth goal well within reach. China’s central bank stepped up efforts to support the nation’s economic recovery and debt sales by delivering the largest cash injection since 2020 with one-year policy loans. The injection of extra cash into the economy will offer a much-needed boost to China’s growth, which has been challenged by a lack of demand and a downturn in the property market this year.
South Korea’s trade minister said his country is prepared to look for alternative sources of graphite if China’s newly strengthened export controls on the key material used in electric-vehicle batteries cause a severe shortage.

Europe

UK inflation failed to slow as forecast in September as rising oil prices offset downward pressures from food costs. The miss firms up the case for the Bank of England to