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1. "The Fragile State of the World's Children" (2020). UNICEF. https://www.unicef.org/publications/files/Fragile_State_of_the_Worlds_Children_2020.pdf 2. Blyth, Erica. "The Fragile State of Mental Health in the Workplace" (2020). Harvard Business Review. https://hbr.org/2020/08/the-fragile-state-of-mental-health-in-the-workplace 3. Alford, Henry. "The Fragile Beauty of the Ocean" (2020). The New York Times. https://www.nytimes.com/2020/05/01/opinion/ocean-plastic-pollution.html 4. "Fragile States Index 2020" (2020). Fund for Peace. https://fragilestatesindex.org/ 5. "Global Fragility Act: A Crucial Step Toward Addressing Global Fragility" (2020). U.S. Global Leadership Coalition. https://www.usglc.org/global-fragility-act-crucial-step-toward
UK GDP growth for August meet economist expectations of just 0.2% highlighting the fragile state of the economy in the early months of the new Labour government. “Having brushed aside a 2023 slowdown, the UK economy grew by 0.7% in the first quarter of 2024 and by 0.5% in the second. However, the third quarter […]
AUD/USD starts the week fragile, trading at 5½ week lows in the mid-0.66s. The local and international data slate is thin this week, but consequential events loom in late October and early November - Q3 CPI (30 Oct), US Oct payrolls (1 Nov) and the US election and the RBA (both 5 Nov).
In the euro area, October flash PMIs came in at: Composite at 49.7 (cons: 49.7, prior: 49.6), services at 51.2 (cons: 51.5, prior: 51.4) and manufacturing at 45.9 (cons: 45.1, prior: 45.0). Overall, the data shows that the growth momentum in the euro area remains fragile at the start of Q4 with PMIs suggesting stagnation. Looking ahead, we expect growth to remain weak in the final quarter of the year, but we still expect positive support by services activity amid a decent labour market, rising real incomes and diminishing headwinds from falling interest rates.
Germany’s GfK Consumer Climate index for November improved from -21.0 to -18.3, exceeding forecast of -20.5 and marking its highest level since April 2022. However, the underlying sentiment remains subdued, as economic expectations continued to trend downward for the third consecutive month, dropping -0.5 to -0.2, the lowest level since March.