Macroeconomics

The financial markets have been pretty quiet. The public has been much busier considering the FIFA corruption scandal and the possible consequences for the football World Cups in 2018 and 2022.

The slowdown of the Chinese economy has been reflected in the decline of exports and imports. Exports for April fell by around 16% and imports by around 6%. This is quite a number when we consider the size of the economy and reflects a remarkable decline in industrial production and consumption.

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