海外研报

Telecom Argentina Good Revenue Pickup in 2Q24, Beating JPMe

Financial Summary: In real terms, service revenues were down 7% y/y (5% beat to JPMe). Revenues were down 8% y/y (6% vs JPMe). EBITDA was up

US Economics Weekly Risingunemployment is not“transitory'

CITI'S TAKEThe rise in the unemployment rate is the clearest sign yet that rather thanachieving a “soft landing" the US economy is more likely to slide intorecession.Attempts to explain away

Economic Insights

Core CPI inflation likely remained weak in July. We expect an increase of just 0.077% m-o-m, similar to the June reading of 0.065% .

G7 and BIC outlook

Although the labor market has cooled substantially, there is not enough evidence of recession in the near-term.