Jul 10th 2021 THE PANDEMIC caused a fearsome economic slump, but now a weird, exhilarating boom is in full swing. The oil price has soared, while restaurants and haulage firms are having to fight and flatter to recruit staff. As listed firms signal that profits will hit an all-time high this year, stockmarkets are on...Read More
First, there are genuine risks posed by the COVID-19 Delta variant, and other potential variants, to the global economic outlook, with the inability of some countries to successfully vaccinate and manage the virus meaning the pandemic may be around for the foreseeable future. Second, what are highly efficient modern markets may have already, in fast-fashion,...Read More
FRANKFURT—The European Central Bank unveiled a new policy framework that will likely keep its easy-money policies in place for longer and will aim to take account of housing prices as the eurozone emerges from the Covid-19 recession, but it stopped short of the major policy shift announced by the Federal Reserve last year. The changes,...Read More
Photograph: Florence Lo/Reuters Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. China’s crackdown on technology companies is hitting the markets again today, amid concerns that the rebound in global growth may be fading. Stock markets across Asia have fallen to a six-week low after...Read More
MUMBAI, July 8 (Reuters) – Sri Lanka’s central bank left its key policy rates steady on Thursday, as the island nation’s economic recovery weakens on account of the disruptions caused by the third wave of the COVID-19 pandemic. The Central Bank of Sri Lanka (CBSL) kept the standing deposit facility rate and the standing lending...Read More
US government bonds rallied, the dollar firmed and equities wavered as investors positioned themselves for a slowdown in the booming pace of economic growth. The yield on the benchmark 10-year US Treasury note fell 0.07 percentage points at one point on Wednesday to a four-month low before retracing slightly to settle around 1.32 per cent....Read More
The stock market rally pushing the S&P 500 to all-time highs lifted the personal financial outlook among investors to a new record, the July IBD/TIPP Poll finds. Yet rising financial stress, as stimulus fades and inflation percolates, is weighing on U.S. economic optimism. X The IBD/TIPP Economic Optimism Index, an early monthly read on consumer...Read More
Principal Economic Adviser, Sanjeev Sanyal talks to ET Now about the Centre’s pandemic response and why predictive models aren’t always useful. He argues that commiting to a plan right now could do more harm than good for India’s economy. Edited excerpts: First let’s talk about the second COVID-19 wave, which seems to be receding right...Read More
Those living in the tri-county area a generation ago — shortly after Congress voted to shutter the Charleston Naval Base and Shipyard, the region’s largest employer — remember how that economic shock created a silver lining as business groups and local governments began cooperating as never before on rebuilding our economy. That unity toward a...Read More
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