New global trade forecast by IHS Markit GTA Forecasting
Positive outlook for 2021 and stronger revival already in Q4 of 2020 for East Asia & Europe, uncertainty still high.
Main Observations
• The incorporation of the most recent historical data for the third and fourth quarter of 2020 has significantly affected our estimates of trade decline in 2020 and forecasts for 2021-2022. The recovery started much faster in China and East and Southeast Asia and proved to be stronger than expected. The last quarter of 2020 proved to be positive for the EU as well
• We predict a year-on-year increase in the real value of global trade of 6.5% in 2021 and 4.3% in 2022. This accommodates the forecasted recovery in global GDP in 2021 and a particularly strong growth impulse expected in Q2 2021
2021-04-08 14:05:31 GMT2021-04-08 22:05:31(Beijing Time) Xinhua English
WASHINGTON, April 8 (Xinhua) Initial jobless claims in the United States rose to 744,000 last week, marking an increase for a second straight week, the Labor Department reported on Thursday.
In the week ending April 3, the number of Americans filing for unemployment benefits increased by 16,000 from the previous week s upwardly revised level of 728,000, according to a report released by the department s Bureau of Labor Statistics.
This follows a drop to revised level of 658,000 in the week ending March 27, the lowest level since the COVID-19 pandemic, according to the bureau.
The latest report also showed that the number of people continuing to collect regular state unemployment benefits in the week ending March 27 decreased by 16,000 to reach 3.7 million.
WORLD / AMERICAS
By Xinhua Published: Apr 03, 2021 05:15 PM
A woman walks past a bar in Washington, D.C., the United States, on April 2, 2021. US employers added 916,000 jobs in March, with the unemployment rate edging down to 6.0 percent, the Labor Department reported Friday. (Photo by Ting Shen/Xinhua)
People enter a beauty supply store in Washington, D.C., the United States, on April 2, 2021. US employers added 916,000 jobs in March, with the unemployment rate edging down to 6.0 percent, the Labor Department reported Friday. (Photo by Ting Shen/Xinhua)
US employers added 916,000 jobs in March, with the unemployment rate edging down to 6.0 percent, the Labor Department reported Friday.
US GDP to grow by over 6% in 2021: Report
The US GDP is on track to grow by more than 6 percent this year, owing in part to its fiscal policy, according to a report.
| 3 April 2021 6:24 AM GMT
WASHINGTON: The US GDP is on track to grow by more than 6 percent this year, owing in part to its fiscal policy, according to a report. The revelation was made in the Peterson Institute for International Economics (PIIE) s semi-annual Global Economic Prospects released on Thursday, Xinhua news agency reported. Of the large advanced economies, the US will expand the fastest in 2021, owing in part to its aggressive fiscal policy response, said PIIE Senior Fellow Karen Dynan, who is also former chief economist at the Treasury Department. (IANS)
U.S. GDP to grow by over 6 pct this year owing in part to fiscal policy: PIIE 2021-04-02 04:35:57 GMT2021-04-02 12:35:57(Beijing Time) Xinhua English
WASHINGTON, April 1 (Xinhua) The U.S. gross domestic product (GDP) is on track to grow by more than 6 percent this year, owing in part to its fiscal policy, according to the Peterson Institute for International Economics (PIIE) s semiannual Global Economic Prospects released Thursday. Of the large advanced economies, the United States will expand the fastest in 2021, owing in part to its aggressive fiscal policy response, said PIIE Senior Fellow Karen Dynan, who is also former chief economist at the U.S. Treasury Department.