EconomyWeb | Global Economic Outlook
ECONOMY • Today
FirstFT: £10bn deals pledged ahead of UK green investor summit
October 19, 2021
Plus, Tether’s bitcoin-backed lending clashes with dollar promise and China’s magnesium shortage
Listed companies driving a 3C rise in temperatures, study finds
October 19, 2021
Research renews concerns surrounding passive investment and quality of data
Investors worry over potential BoE rates ‘mistake’
October 19, 2021
Traders fear policymakers will move too aggressively in their attempts to tame inflation

Economic News
Swiss Exports Rise In Q3
October 19, 2021
Switzerland's exports rose in the third quarter, data from the Federal Customs Administration showed on Tuesday.
New Zealand Manufacturing Index Due On Friday
October 14, 2021
New Zealand will on Friday see September results for the Performance of Manufacturing Index from BusinessNZ, highlighting a modest day for Asia-Pacific economic activity, In August, the PMI score was 40.1.
New Zealand Manufacturing Sector Rebounds Sharply In September - BusinessNZ
October 14, 2021
The manufacturing sector in New Zealand bounced back into expansion territory in September, the latest survey from BusinessNZ showed on Friday with a seasonally adjusted Performance of Manufacturing Index score of 51.4.
New Zealand Service Index Improves To 46.9 In September - BusinessNZ
October 17, 2021
The service sector in New Zealand continued to contract in September, albeit at a much slower pace, the latest survey from BusinessNZ showed on Monday with a Performance of Service Index score of 46.9.
China GDP Data On Tap For Monday
October 17, 2021
China is scheduled to release a raft of data on Monday, highlighting a busy day for Asia-Pacific economic activity. On tap are Q3 numbers for gross domestic product, as well as September figures for industrial production, retail sales, fixed asset investment, unemployment and foreign direct investment.
Economic Highlights
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ECONOMY • Analysis
Is a winter wave of coronavirus infections looming?
October 18, 2021
Masks and booster vaccinations should help keep covid-19 at bay in the rich world
A triple shock slows China’s growth
October 18, 2021
Power cuts, the pandemic and a property slowdown: all have taken a toll
Economic Analysis

Is the sky really falling for private firms in China?
October 14, 2021
Chinese authorities are carrying out a sweeping regulatory crackdown on private technology firms this past year, wiping off hundreds of billions of dollars from the market capitalization of some of the largest private companies in China. Some Chinese private entrepreneurs are reportedly avoiding...
Economic Research
OECD to publish latest long-term economic projections and assessment of future fiscal challenges, on Tuesday 19 October 2021
October 14, 2021
The decline in economic activity associated with caution, lockdowns and other restrictions in response to the COVID-19 pandemic brought government revenue down substantially in 2020 across the OECD. Governments have appropriately responded with a range of temporary programmes to support workers and businesses, simultaneously raising expenditure.
Unemployment Rates, OECD - Updated: October 2021
October 13, 2021
OECD monthly unemployment rate fell slightly to 6.0% in August 2021
Composite Leading Indicators (CLI), OECD, October 2021
October 12, 2021
CLIs continue to point to a moderating pace of expansion in economic activity
Economic Views
Brexit: The Future of Northern Ireland and Scotland
October 15, 2021
Panelists discuss the ongoing challenges in the post-Brexit process, the prospects that Northern Ireland and Scotland could leave the United Kingdom via referendums, and the possible implications for U.S. foreign policy in the United Kingdom and Europe. 
Home and Abroad Public Forum: The Climate Crisis
October 14, 2021
This CFR Home and Abroad Public Forum discusses current and projected climate change, options for reducing emissions, and policies to help communities adapt to a changing climate. This event is part of CFR’s Home and Abroad series, which explores issues at the nexus of U.S. domestic and foreign policy that affect America’s role in the world.
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ECONOMY • Outlook
Interest rates dilemma puts spotlight on Bank of England’s credibility
October 19, 2021

As markets bet on an increase, economists give their view after Andrew Bailey’s mixed messages

Less than a month ago Andrew Bailey warned the “hard yards” were still to come. Britain’s economic recovery from Covid-19 was fading, inflationary pressures stalking the country would prove temporary and the Bank of England fiddling with interest rates would hardly produce more lorry drivers or make the wind blow for turbines.

Fast forward and the Bank’s governor appears to have changed his tune. Financial markets are betting that a rate increase is due within weeks after comments from Bailey over the weekend did little to dampen frenzied speculation.

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European markets head for positive open following global gains
October 19, 2021
European stocks are expected to open higher on Tuesday with markets buoyed by positive global sentiment.
British households will be £1,000 worse off next year, thinktank warns
October 18, 2021

Resolution Foundation finds household incomes set to fall by about 2% amid cost of living squeeze

British households will be £1,000 worse off next year from a cost of living squeeze created by rising energy prices and shortages of workers and supplies caused by Covid and Brexit, a leading thinktank has warned.

The Resolution Foundation said higher levels of inflation would weigh down workers’ earnings next year, contributing to a hit to the average household income in Britain at a time when the government is cutting benefits and raising taxes.

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UK bond yields soar as investors brace for interest rate rise; China’s growth slows – as it happened
October 18, 2021

Rolling coverage of the latest economic and financial news

Earlier:

The trade body for British manufacturers has hit back at ministers’ accusations that firms have relied for too long on cheap foreign labour, urging them to work in partnership with business instead of viewing it “as the enemy within”.

Make UK is calling on the government to recognise the challenges they are facing – including supply chain disruption and shortages of staff such as HGV drivers – rather than blaming them at a time when they are also facing soaring costs, including for energy and raw materials.

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Start-up Deel bets that Coinbase, Shopify and others will keep hiring overseas in the battle to find tech talent
October 18, 2021
Start-up Deel is betting that more tech companies will search for talent overseas as they continue to hire remotely.
Economic Perspectives
Better sustainability data is still needed to accelerate the low-carbon transition in capital markets
October 18, 2021
Investors need more trustworthy sustainability data. Regulators should leave space for better products to emerge, while remaining alert to well-known patterns of misconduct in capital markets.
Tailoring prudential policy to bank size: the application of proportionality in the US and euro area
October 14, 2021
In-depth analysis prepared for the European Parliament's Committee on Economic and Monetary Affairs (ECON).
Economic Outlook
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ECONOMY • Opinions
Central Banking With a Straight Face
October 18, 2021

Over time, central banks have been given additional objectives and have expanded their policy toolkits accordingly, particularly when called upon to prevent major shocks from triggering global depressions. But with policy innovation comes new risks, not least to central banks’ independence.

The Taiwan Triangle
October 18, 2021

The goal of US policy toward the island should be to reduce uncertainty about America’s intentions and its ability to make good on them, while underscoring to Chinese leaders the economic and military costs of aggression. As much as China’s leaders want Taiwan, they also want to maintain power and the Communist Party’s political monopoly.

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ECONOMY • Insights

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ECONOMY • Forecast
Economic Projections
Global Economic Projections for 2021-2030 | The Conference Board
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