China Slows Sharply on Real Estate on Electricity Supply Headwinds; U.S. Core CPI Slowed in the Third Quarter
China’s economy weakened sharply in the third quarter as the Delta wave, electrical power shortages, and the real estate slowdown weighed on growth. Real GDP growth slowed to a weak 0.2% quarterly rate (seasonally adjusted but not annualized) in the advance estimate for the third quarter of 2021, less than half the second quarter’s 1.3% […]