MACRO ECONOMIC NEWS

 Optimistic Is The Nature, Everywhere. 

Wishing A Cheerful Day Ahead.

 

Best Regards

Arbind

 

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Macro-Economic News 03 Feb 2021

 

‘Investor Charter’ is likely to find a place in the framework of investment regulatory bodies like SEBI, IRDAI, etc. Following the investment booster of India, the Finance Commission has recommended framing laws to free up farms for leasing. Fitch finds India's near-term fiscal deficit target higher than expected while Fitch and S&P flag high fiscal deficit. Govt may announce some more steps while RBI is expected to keep an accommodative stance at least till the first half of FY22 as Indian GDP is predicted for a 7.7% contraction.

Eurozone economy drops into double-dip contraction but shrank less than expected at the end of 2020. The eurozone’s economy is diverging sharply from the U.S. and China however the U.S. Economy is expected to reach its pre-pandemic peak by Mid-2021. Yellen, IMF chief discusses the need for multilateral solutions on debt. 

Japan declares a state of emergency for the Tokyo area as COVID-19 cases surge that has also hit business deepening of Japan's service sector slump. New Zealand unemployment unexpectedly dropped last quarter. China central bank withdraws $12 Billion from the banking system staring down another liquidity test just days after fending off its worst cash crunch since 2015. Thailand is likely to hold its key interest rates steady allowing its fiscal policy to take the lead. Meantime, it is also considering to fully reopen to vaccinated visitors.

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