Moody’s Analytics: China's PMI likely Improved in June

The transcript discusses the economic impact of COVID-19 lockdowns in Australia and New Zealand, highlighting the challenges posed by slow vaccine rollouts. It also examines the potential premature tightening of monetary policy in emerging markets, with a focus on Indonesia. Additionally, the transcript explores China's industrial profit growth, driven by base effects and elevated commodity prices.

What is the main downside risk to the Australian economy as discussed in the first section?

• High inflation rates

• Increased government spending

• Rising unemployment

• Slow vaccine rollout

Which countries are mentioned as having been slow with their vaccine rollouts in the second section?

• Japan and Vietnam

• Brazil and Argentina

• Canada and Mexico

• South Korea and India

What is a key risk for Indonesia if the Federal Reserve raises rates sooner than expected?

• Lower inflation

• Higher export demand

• Pressure to tighten rates

• Increased foreign investment

What are the two factors contributing to industrial profit growth in China as mentioned in the third section?

• Technological advancements and export growth

• Government subsidies and low interest rates

• Base effects and elevated commodity prices

• Increased labor costs and higher taxes

What is the expected impact on emerging markets if the Federal Reserve moves quicker than anticipated?

• Strengthened local currencies

• Increased economic stability

• Decreased foreign debt

• Pressure to tighten monetary policies