6 Min Read
WASHINGTON (Reuters) -The odds-on Democratic victory in two U.S. Senate races on Tuesday could open the door to the more robust government spending response economists and others have argued is needed to get the country through the pandemic with as little long-term economic damage to companies and households as possible.
FILE PHOTO: Democratic presidential nominee Joe Biden makes a statement on the U.S. presidential election results during a brief appearance before reporters in Wilmington, Delaware, November 5, 2020. REUTERS/Kevin Lamarque
While results in the Georgia contests are not yet official, rising U.S. bond yields on Wednesday showed investors were already pricing in Democratic control of not just the White House, when President-elect Joe Biden takes office in two weeks, but both chambers of the U.S. Congress.
Citi expects world stocks to hover around current levels in 2021 and cuts U.S. equities to "neutral" as lockdowns induced by fresh waves of COVID infections roil global economies.
MUMBAI: A debate is raging among the global investment community as investors look past the Covid-19 pandemic and cheer the possibilities of a rapidly rebounding global economy: what will throw the spanner in the wheels of the equity Bull Run?
For many, the answer is runaway inflation, not only in India but in many of the advanced economies, particularly, the US.
The three major central banks the US Federal Reserve, the European Central Bank and the Bank of Japan pumped in close to $9 trillion in liquidity in 2020 to protect their economies from the damaging effects of Covid-19. They have also cut interest rates as low as they could, and promised to hold them there till the time it is necessary.
By Reuters Staff
1 Min Read
Jan 5 (Reuters) - Chicago Federal Reserve President Charles Evans on Tuesday reiterated his view the U.S. central bank ought to aggressively woo higher inflation after years of under-running its 2% target.
“Frankly if we got 3% inflation that would not be so bad,” Evans told a virtual meeting of the American Economic Association, as long as it is not accelerating uncontrollably.
With structurally low interest rates pulling down on inflation, however, “it is very difficult to imagine out of control inflation, even with the large debt that fiscal authorities have been running up.”
Reporting by Ann Saphir Editing by Chris Reese
Top 10 issues that defined the global economy in 2020 Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
03/01/2021 10:44 GMT+7
The COVID-19 pandemic has had a heavy impact on every aspect of life in 2020, and the global economy had been especially hard hit.
1. COVID-19 pandemic has devastating toll on global economy
The Lansdowne Port of Entry with Canada in the US state of Ontario is closed due to COVID-19 on March 22, 2020
The global economy experienced its worst recession since World War II due to adverse impacts of the COVID-19 pandemic. Lockdowns and border shutdowns to contain its spread triggered stagnations in global trade, disruptions to supply chains, and a wave of business bankruptcies worldwide, especially in the aviation, tourism, and retail sectors. Countries have introduced economic stimulus packages totalling tri