Macro Briefing | 12 August 2020

Kamala Harris beats rivals to become Biden’s running mate: Politico
Is Russia’s rush to roll out a coronavirus vaccine at risk of backfiring? CNBC
China accelerates effort to be more reliant on domestic economy: WSJ
UK economic activity crashed in Q2 with a record 20.4% decline in GDP: CNBC
Eurozone industrial output rose for a second month in June: MW
Small Business Optimism Index edged down in July after strong gain in June: NFIB
US wholsale inflation rose sharply in July but 1yr trend still negative: MW
Economists warn that economic-crisis risk will rise without more jobless relief: FTE