An emerging mess China’s economy is growing at the slowest pace in a quarter century. That’s a bad look for Taiwan’s slumping export orders. Nigeria’s foreign exchange reserves fell below $29 billion as the country eased some capital controls. A bright spot: South African retail sales growth remains resilient (in local currency terms, anyway). On either side of the pond US inflation is on something of an upswing as the worst of the oil drop fades into the rearview. The same thing is going on in the UK. UK house prices are rising faster… …while growth in US housing starts has settled into a very strong groove. European consumers got a little more pessimistic… …as their current account surplus remained buoyant.
