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THREAD 1/ China economic data will take center stage this week amid hopes that its expansion has stabilized, @simonjkennedy says bloom.bg/2KB7ev1
2/ While data due Wednesday is set to show the world’s number two economy slowed in the first quarter to an annual pace of 6.3%, monthly readings of retail sales, investment and industrial output will be scrutinized for signs of renewed health bloom.bg/2KB7ev1
3/ “China’s GDP data will show the economy slowed again in the first quarter, likely to the weakest pace since 1990,” says @TomOrlik, chief economist at Bloomberg Economics bloom.bg/2KB7ev1
4/ The main U.S. event is the Fed’s Beige Book, which will provide an insight into how healthy central bankers feel the economy is. Trade balance data, retail sales, and a series of housing figures will provide further clues bloom.bg/2KB7ev1
5/ A jobs report in Australia will be closely watched – not least by the nation’s politicians who are in election mode ahead of a May 18 vote in which employment and the economy will be a key battleground bloom.bg/2KB7ev1
6/ The top highlight in the euro-area will be the first take of the region’s PMIs, due on Thursday, which will provide an update on the state of the region’s slowdown in 2Q as the ECB prepares to calibrate its new round of loans for banks bloom.bg/2KB7ev1
7/ In the UK, 4 consecutive days of releases will provide a health check on how its economy is faring with Brexit. Data include asking prices for homes, inflation, unemployment and wages, retail sales and public finances bloom.bg/2KB7ev1
8/ Turkish unemployment and industrial production data will show the depth of the slowdown in the Middle East’s largest economy amid concerns about sudden drops in the central bank’s foreign reserve bloom.bg/2KB7ev1
9/ Russian consumer data on Wednesday will be a test for the stats agency, whose credibility has come under scrutiny bloom.bg/2KB7ev1
10/ Analysts expect Ghana to report fourth quarter GDP growth of 6.8 percent on Wednesday; the IMF says the West African nation will be the fastest-growing economy in the world this year bloom.bg/2KB7ev1
11/ In a key development for Latin America’s biggest economy, legislation to rein in government pension spending that’s seen as vital to putting Brazil’s finances back in order is expected to clear a first hurdle in congress Wednesday bloom.bg/2KB7ev1
12/ In Argentina, a government report Tuesday will likely show annual inflation is over 50%, a pace that means the recession-bound economy is stuck with world’s highest interest rates for now bloom.bg/2KB7ev1
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