INT
Dutch chip move against China will not end EU-US rift
The Dutch government has barred semiconductor manufacturer ASML from selling two advanced lithography systems to China
NetherlandsEurope’s long manufacturing downturn will last longer
Europe’s latest manufacturing PMIs indicate that the long downturn will persist
EUAsia’s manufacturing and trade flows are stabilising
China’s private sector-focused manufacturing PMI edged up but its official PMI fell in line with the rest of East Asia
AsiaEquity markets are more vulnerable than bond markets
The Fed's shift to a slightly more dovish stance exacerbates the growing disconnect between markets and economies
InternationalUK house prices will fall modestly in 2024
House prices fell by 1.8% in 2023, reflecting the impact of higher mortgage rates
United KingdomEast Asian manufacturing will rebound very gradually
Japan and South Korea both saw slightly stronger industrial output and retail sales than expected in November
JapanAgreeing Ethiopia’s debt restructuring will be tricky
As expected, Ethiopia has defaulted on a payment due on its USD1bn Eurobond
EthiopiaBudget and climate pressures affect the growth outlook
OECD economies will be under increasing strain to decarbonise while also keeping their budget balances sustainable
International
