| Today's Economy
Manchin Throws Wrench in U.S. Economic Outlook Odds are high and rising that the Build Back Better bill will not become law. Europe Daily Briefing: Turkey Averts Currency Crisis Fiscal measures avert domestic sell-off of lira. Asia-Pacific Daily Briefing: Hong Kong's Prices Creep Up We expect rising logistics costs to fuel imported inflation in 2022. Economic Roundup: Did Manchin Throw a Curveball or Sinker? The uncertainty around our fiscal policy assumptions just increased significantly. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Weekly Highlights and Preview, December 21, 2021 Despite the holiday, this is a jam-packed week. Global Vaccine Tracker: Omicron Now Dominant in U.S. The new variant is responsible for more than 70% of new infections. How We Fared on Key Questions for 2021 We were mostly correct on the economy's performance but inflation and politics deviated. U.S. Chartbook: Turning Tides Optimism surrounds supply chains but there is plenty of downside risk. » VIEW MORE COMMENTARY
Today's Economic Indicators
Denmark
Retail Sales
Nov. 2021: -0.3% m/m
Retail sales in Denmark contracted by 0.3% m/m from October to November. Finland
Unemployment rate
Nov. 2021: 6.0%
Finland’s not seasonally adjusted unemployment rate dropped to 6% in November from 7% a year earlier. Hong Kong SAR (China)
Consumer Price Index
Nov. 2021: 1.8% y/y
Hong Kong’s headline Composite Consumer Price Index rose by 1.8% over the year in November, compared with a 1.7% increase in October. United States
Current Account
2021Q3: -$214.8 bil
The U.S. current account deficit widened in the third quarter and there was a modest revision to the prior three months. United States
Philadelphia Fed Nonmanufacturing Survey
Dec. 2021: 30.6
For service industries in the Federal Reserve’s Third District, December brought some moderation. Canada
Retail Trade
Oct. 2021: 1.6% m/m
A surprising improvement in motor vehicles sales spurred a solid gain in retail trade in October. United States
Moody’s Analytics Policy Uncertainty Index
December 17:
Argentina
Employment Situation
2021Q3: 8.2% Unemployment
According to Indec’s labor market survey, the national urban unemployment rate averaged 8.2% in the third quarter, compared with 11.7% a year earlier (figures are not seasonally adjusted). » VIEW MORE ECONOMIC INDICATORS | 
