Macro Weekly – Growth concerns mount, despite tariff delay

More twists in trade war: US delays part of fresh China tariffs.US recession fears rise, as 2-10 yr yield curve inverts; consumer holds up.Eurozone slows: Germany close to a recession, Netherlands outperforms.China: Activity data dip in July, after jump in June; more support likely.EM: yuan depreciation ‘controlled’, Argentine peso in freefall.