MACRO ECONOMIC NEWS

 Friday is a conforming celebration.

Wishing A Day Full of Fun

 

Best Regards

Arbind

 

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Macro-Economic News 22 Jan 2021

 

What’s next: 100K in another five years; maybe a ‘Yea’.

 

The European Central Bank kept its policy unchanged but reaffirmed a pledge to keep borrowing costs at record lows to help the eurozone economy withstand the impact of the coronavirus pandemic. Lagarde strikes an optimistic tone with ECB preparedness to provide even more support to the economy if needed or keeping some powder dry if markets remain benign. New Zealand Inflation Surprise Suggests No More RBNZ Rate Cuts.

 

India will give millions of doses of the COVID-19 vaccine to South Asian countries in the next few weeks, drawing praise from its neighbors. A strong and durable India-US partnership will be a key to address the broad range of challenges impacting the global community today while Global policymakers look for Biden to reset on trade, tax, and climate. While in the U.S., Jobless claims remained elevated last week as About 900,000 workers filed for unemployment benefits last week.

 

India plans to expand the summer-crops area by 50%. From automation to the gig economy, India needs to work on its skilling program, especially for its labor surplus. Govt stares at revenue shortfall of Rs 7 trillion this fiscal year; whereas RBI pronounces economy getting over pandemic, growth headed for 'glorious summer'.

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