This week’s news was mostly positive, but there were a few areas of weakness. The EU is beginning its second straight year of growth while Australia continues its nearly 20-year run of economic expansion. For the UK, however, concerns are mounting that Brexit will not end well. While Japan’s economic expansion continues at a solid pace, Canadian news was a bit weaker.
The EU is now entering its second year positive economic news. This was highlighted in a speech by Victor Costancio, VP of the ECB: