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Site title: David O'Rear's East Asia Politics & Economics Blog – Occasional comments on the contemporary and historical
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The US economy slowed to +2.1% in the second quarter of 2026, after rising +2.7% in January-March. Both figures are inflation-adjusted, and year-on-year calculations. The quarter-to-quarter annualized figures were +2.1% in Q-1 and +1.5% in Q-2.
Private consumption expenditure, where three-quarters of the growth originated, expanded ...
US merchandise trade increased +15.9% YoY in June, with two-way commerce coming in at $510.9 billion. Exports were up +14.8%, to $204.7 billion, and imports by +16.6%, to $306.2 billion. Over the course of the first half of 2026, trade was up +2.8%, with exports (+14.9%) far out-shining imports (-4.4%).
The dramatic turnaround in imports in the second qua...
Chinese Communist Party (CCP) Secretary General Xi Jinping has been on a mission to drive from office anyone who crosses him. For many decades, the senior-most members of the party have been immune from prosecution for mere financial crimes, and only severely punished for daring to challenge the boss.
That changed this month when Xinjiang CCP Secretary and Politbur...
Americans paid +3.5% more to keep body and soul together in June, as compared to a year earlier. The figures for the second quarter (+3.8%) and for the first half (+3.5%) reflect above trend rises in April (+3.8%) and May (+4.2%).
Electricity cost +4.2% more, gas +2.1%, #2 Fuel Oil +36.1% (and up +47.1% in the second quarter), and gasoline +26-27%, depend...