The 16 most important charts from a crucial week in global economics

August 1, 2014
August 1, 2014

This last week was a big one in that it showed broad-based improvement in the global economy. The US recovery seems to be gathering strength, if not picking up speed. Signs of hope emerged in Europe. And Asian markets telegraphed growing expectations that governments there will take action to kick economic expansion into a higher gear. Here are the key developments from the week that was:

US home price gains slowed, but they still rose 9.3% in May (paywall)

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US consumer confidence hit a post-crisis high

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German bond yields touched all-time lows amid unrest in Ukraine

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Japan reported some of the strongest labor demand in decades

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Korea posted another giant current account surplus

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US economic growth surged in the second quarter, after hitting a first-quarter pothole

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Spain, the euro zone’s fourth-largest economy, grew faster than economists expected during the second quarter

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The Fed acknowledged some economic improvement, and continued tapering the bond-buying programs that have expanded its balance sheet

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Japan’s industrial production data looked quite weak

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Europe continued to flirt with deflation

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Germany’s unemployment rate remained at multi-decade lows

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Taiwan’s economy grew faster, thanks to exports and investment

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European unemployment continues to fall from historically high levels

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The US job market continued improving in July, the sixth consecutive month in which more than 200,000 jobs were created

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Though US wage growth remains quite muted

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And there is little sign of US inflation, according to the Fed’s preferred measure

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