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Pork prices in china drop for the first time in nearly 2 years
China’s consumer price index (CPI) in October, increased by 0.5% y/y
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Alibaba’s Singles’ Day Sales Nearly Double in 2020
China’s leading e-commerce platform saw explosive growth in online sales
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Euro Area GDP returns to growth on quarterly basis in Q3
On an annual basis, the economy contracted by 4.3% after plunging 14.8% y/y in Q2
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The US economy expanded by 33.1% q/q in Q3
There were large increases in personal consumption expenditures (at an annualised rate of 40.7%)
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Brazil’s central bank leaves its key policy rate unchanged at 2%
Brazil’s inflation tends to stay below the target set at 4% for 2020
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New bank loans in Brazil surge in September
It is the fourth increase in a row, supported by the central bank’s monetary stimulus
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China’s services PMI increases to the highest level in 2020
China’s non-manufacturing PMI came in at 56.2 in October, up from 55.9 in September
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More regions in China are recovering from the COVID-19 crisis
During the first three quarters of 2020, 26 out of 31 provinces in China reported positive GDP growth
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Brazil records the sixth straight monthly current account surplus
The trade surplus increased to USD 5.36bn in September 2020
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Brazil’s federal tax receipts rise in September
On a year-to-date basis, the tax collection of the central government fell by 9.1%