June 19, 2021
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Economy

UN raises global economic forecast to 5.4% growth in 2021

“The key challenge we face in the world right now is that infections are still rising in many parts of the world, and we are seeing new variants and new mutations affecting large populations in South Asia, also in Latin America,” he said. “That poses a significant challenge in terms of the recovery and world economic growth.” Read full article.....
Economy

Banker Optimism Soars on State of U.S. Economy

ARLINGTON, Va., May 11, 2021 /PRNewswire/ -- Optimism about the current state of the U.S. economy skyrocketed in the first quarter of 2021, according to a survey of more than 500 bankers released Tuesday by IntraFi Network. Sixty-two percent of those surveyed said overall economic conditions for their bank had improved compared to 12 months ago, a...
Economy

Is global inflation about to take off?

Factories around the world are facing headwinds from surging commodity prices, rising shipping costs and semiconductor shortages, fueling worries that global inflationary pressures are looming as big economies recover from pandemic lockdowns.Copper, the economic bellwether metal, soared 80% over the past year to a record high, leading a rally that ...
Economy

FOREX-Commodity gains restrain dollar ahead of inflation data

The dollar hovered near multi-month lows on Tuesday with lofty commodity prices lending support to exporters' currencies, though caution about U.S. inflation bringing forward rate rises kept the greenback from sliding.The resource-sensitive Australian dollar sat by Monday's two-month high and was steady around $0.7831. The similarly exposed Canadi...
Economy

The world is partying hard on free money, but beware the hangover

What’s going on? Yes, there’s a surge of confidence that COVID can be managed now, and that new vistas of growth await. But it’s more than that. Simply, it’s free money. Lots and lots of it. The word “unprecedented” comes to mind.Central banks have cut interest rates to zero – or lower – and pumped a fresh $US8 trillion into global liquidity since ...
Economy

President Biden delivers remarks on economy

President Joe Biden is plunging into the next phase of his administration with the steady approval of a majority of Americans, according to a new poll from The Associated Press-NORC Center for Public Affairs Research. The survey shows Biden is buoyed in particular by the public's broad backing for his handling of the coronavirus pandemic.In t...