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Next week's economics: 29 June - 3 July

Next week should bring news of post-lockdown economic recoveries around the world, but also perhaps deflation in the eurozone
Next week's economics: 29 June - 3 July

Next week could bring evidence of a post-lockdown recovery in economic activity.

Having shocked everybody by showing increased employment last month, non-farm payrolls could post another rise as the economy reopens. Consistent with this, the ISM should report a recovery in manufacturing output and the Conference Board could say that consumer confidence is recovering. Unemployment, though, might still be twice its pre-lockdown level, which reminds us that there’s a long way to go before the economy fully heals.

There should also be signs of an upturn elsewhere. Official Japanese figures could show a rise in industrial production after big falls in the last two months. And purchasing managers in China should report a small increase in manufacturing activity.

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