JPMorgan Econ FI-Global Data Watch Let the games begin-109458138

GlobalEconomicResearch26July2024JPMORGANwww.jpmorganmarkets.comContentsEMEdge:TheFDIrecipe13Australia:Savingratetomatterlessforspending15ThetimeinconsistencyofChina’shousingstrategy19GlobalEconomicOutlookSummary4GlobalCentralBankWatch6EconomicActivityTracking8SelectedrecentresearchfromJ.P.MorganEconomics10J.P.MorganMarketWatch11DataWatchesUnitedStates23Focus:StormwatchasBerylcouldbuffetJulypayrolls33Euroarea34Japan41Canada45Mexico47Brazil49Argentina51Andeans53UnitedKingdom55EmergingEurope59SouthAfrica63AustraliaandNewZealand64China,HongKong,andTaiwan66Korea71ASEAN74India78RegionalDataCalendars80OurSpecialReport"Beginthebegin:Gaugingthecomingglobaleasingcycle"waspublishedonJuly24,andisnowavailableonourwebsite.EconomicandPolicyResearchBruceKasman(1-212)834-5515bruce.c.kasman@jpmorgan.comJPMorganChaseBankNAJosephLupton(1-212)834-5735joseph.p.lupton@jpmorgan.comJPMorganChaseBankNANoraSzentivanyi(44-20)7134-7544nora.szentivanyi@jpmorgan.comJ.P.MorganSecuritiesplcGlobalDataWatch•RisksoflessrotationinJulysurveys...•…butindicatorsstillpointtosolidoverallglobalgrowth•BalancinggrowthandinflationriskopensdoorforDMeasing•Nextweek:Fedonhold;BoJhikes;USjobgainsslowLetthegamesbeginLastweek,wedescribedtheglobalexpansionasmovingthroughanorderlytransitionwithanticipatedrotationstowardmanufacturingandawayfromtheUStakingho...