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A midyear update on our economic and market outlook August 2, 2021
The outlook for the global economy continues to hinge on health outcomes. In our annual economic and market outlook published at the end of 2020, Vanguard economists expected that the path to recovery would be uneven and varied across industries and countries, even once effective vaccines for COVID-19 became available.
Fast forward half a year. The pandemic is still far from over as new virus variants surface where vaccination rates lag and as the human toll continues to mount, especially in less developed economies. Yet macroeconomic indicators signal that the global economy is rebounding faster than many had expected from its sharpest contraction in modern history. That rebound is reflected in our current full-year GDP growth forecasts, which remain roughly in line with our optimistic projections at the start of 2021. In some places, we’ve upgraded our forecasts; in others, we’ve downgraded them.
Don Bennyhoff financial-planning.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financial-planning.com Daily Mail and Mail on Sunday newspapers.
Foreign investment in Chinese bonds rising By ZHOU LANXU | China Daily | Updated: 2021-04-24 07:23 Share CLOSE
Foreign investors will continue to scale up their exposure to domestic bonds, thanks to China s robust economic fundamentals and prospects for healthy return, officials and experts said on Friday.
Despite the rising US dollar and the smaller yield advantage of Chinese government bonds, the net increase in foreign holdings of domestic bonds stood at $63.3 billion in the first quarter of the year, up 11 percent on a quarterly basis, said Wang Chunying, a spokeswoman for the State Administration of Foreign Exchange, the country s forex regulator.
Foreign investors will continue to scale up their exposure to domestic bonds, thanks to China s robust economic fundamentals and prospects for healthy return, officials and experts said on Friday.
Despite the rising US dollar and the smaller yield advantage of Chinese government bonds, the net increase in foreign holdings of domestic bonds stood at $63.3 billion in the first quarter of the year, up 11 percent on a quarterly basis, said Wang Chunying, a spokeswoman for the State Administration of Foreign Exchange, the country s forex regulator.
In March, foreign investors added $3.3 billion worth of holdings in domestic bonds, lower than the historically high levels seen in February and January, but still higher than the same period of last year and 2019, Wang said during a news conference on Friday.