INT
EV public policy focus is charging and battery-making
The IEA expects 35% of global vehicles sales to be electric by 2030, and more than half of US, EU and Chinese sales
InternationalTighter lending fuels risk of harder economic landing
Bank lending standards have become stricter after the demise of SVB and Credit Suisse and this will impact real activity
InternationalSouth Korea's 2023 growth forecasts may be downgraded
The economy grew by a modest 0.3% quarter-on-quarter and 0.8% year-on-year as firm consumption offset weaker investment
South KoreaSolid services contrast with manufacturing malaise
The flash April manufacturing PMIs in Europe and Japan continued to weaken, while the services PMIs strengthened
InternationalTemporary weakness obscures long-term lithium growth
Lithium prices have fallen sharply this year, triggered by China’s EV subsidies ending
InternationalCPI control will remain the Bank of England's priority
Inflation remained in double-digits in March and nominal wage growth is slowing only very gradually
United KingdomFirmer private activity would enhance China’s rebound
GDP grew by 4.5% in first-quarter 2023, led by retail sales but private investment is underperforming state investment
ChinaWeak long-run growth raises risks to the world economy
Global GDP will grow by less this decade than the past unless there is a surprise uptick in productivity
International
