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Weekly Economic Perspectives

Disinflation and Slowing Demand Weigh on US Retail Sales

Chief Economist
Investment Strategist

The Economy

  • Mixed US data still telling a slowdown and disinflation story.
  • Canadian inflation surprises to the upside.
  • UK payroll employment declines.
  • Eurozone industrial production plunges.
  • Japan’s GDP bested our bullish forecast.
  • The Aussie labor market softened again.

Spotlight On Next Week

  • Moderate gains in US personal income and spending.
  • Canada’s March retail sales seen down sharply.
  • UK’s CPI inflation poised for meaningful step lower.

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