Shutdowns and Shake-Ups
Macro Pulse

Shutdowns and Shake-Ups

2025-10-09

Financial markets have been navigating a US government shutdown that has frozen key data releases and muddied the macro picture. In the meantime, political cross-currents in Europe and Asia have added to the noise. In our charts this week we drill into:

  • The US labour market
  • Global productivity trends
  • Electricity prices
  • Natural capital versus produced capital
  • Japan's politics
  • Vietnam's economy 
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