The Business News Week Ahead

A heavy run of data from the UK will fill mid-week on Wednesday including second-quarter GDP (that will include a monthly breakdown for June) and also industrial production. Chinese data for July will bookend the week: CPI on Monday and industrial production and retail sales on Friday with the latter two expected to show increasing traction. US data will be concentrated on Friday with retail sales and industrial production amid similar expectations for extending recovery. US data will also be posted Wednesday with July's CPI and Thursday with US jobless claims which posted their lowest total of the crisis in the prior week. Other data to watch will be the Swiss unemployment rate for July on Monday and Germany's ZEW report on Tuesday. If the week's results unfold as expected, the outlook for the global economy and recovery from the crisis will have improved.