EconomyWeb | Global Economic Outlook
ECONOMY • Today
BoE sees tight labour market as trigger for higher rates
August 5, 2021
Employment outlook has changed quickly with many companies struggling to recruit workers
BoE signals ‘modest tightening’ of monetary policy in next 2 years
August 5, 2021
Interest rates likely to rise sooner than anticipated as inflation climbs towards 4%
FirstFT: US considers requiring foreign visitors to be ‘fully vaccinated’
August 5, 2021
Biden to unveil electric vehicle target and Robinhood shares soar

Economic News
Australia Trade Data Due On Thursday
August 4, 2021
Australia will on Thursday release June figures for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity. In May, imports were up 3.0 percent and exports rose 6.0 percent for a trade surplus of A$9.681 billion.
U.S. Service Sector Index Jumps To All-Time High In July
August 4, 2021
Growth in U.S. service sector activity accelerated by much more than anticipated in the month of July, according to a report released by the Institute for Supply Management on Wednesday. The ISM said its services PMI jumped to an all-time high of 64.1 in July after pulling back to 60.1 in June, with a reading above 50 indicating growth in the sector.
U.S. Private Sector Job Growth Falls Well Short Of Estimates In July
August 4, 2021
Payroll processor ADP released a report on Wednesday showing private sector employment increased by much less than expected in the month of July. ADP said private sector employment rose by 330,000 jobs in July after surging by a downwardly revised 680,000 jobs in June.
U.S. Private Sector Employment Rises Much Less Than Expected In July
August 4, 2021
Payroll processor ADP released a report on Wednesday showing private sector employment increased by much less than expected in the month of July.
Japan Household Spending Sinks 5.1% On Year In June
August 5, 2021
The average of household spending in Japan was down 5.1 percent on year in June, the Ministry of Internal Affairs and Communications said on Friday - coming in at 260,285 yen.
Economic Highlights
Read more Comments Off on Economic News
ECONOMY • Analysis
The SEC sets its sights on the crypto “Wild West”
August 7, 2021
Gary Gensler offers the most fleshed-out vision yet for what it might do
Does perishable e-money represent the future of fiscal stimulus?
August 7, 2021
Hong Kongers must use their consumption vouchers or lose them
Economic Analysis

US workers are getting large raises, but not enough to keep up with higher inflation
July 30, 2021
Over the last three months nominal compensation for all civilian workers rose at a 2.8 percent annual rate—leaving it at its pre-pandemic trend according to newly released Employment Cost Index (ECI) data from the Bureau of Labor Statistics (BLS). This is notable because the very high unemployment...
Economic Research
Economic Views
Renewing America: Fixing America’s Infrastructure
August 4, 2021
Panelists discuss major potential reforms to U.S. infrastructure, including new technological advances in transportation, traditional and digital infrastructure, universal broadband, smart cities, and how investment in U.S. infrastructure could catalyze economic growth. CFR’s Renewing America initiative shines a spotlight on the domestic underpinnings of U.S. competitiveness to find ways to bolster U.S. international strength and influence. This project is made possible by the generous support of the Bernard and Irene Schwartz Foundation.     
A Conversation With President Iván Duque of Colombia
July 29, 2021
President Duque discusses Colombia’s domestic political and economic outlook, including the response to recent civilian protests, and the future of Colombia-U.S. relations.
Read more Comments Off on Economic Analysis
ECONOMY • Outlook
European markets close slightly higher as investors react to earnings; Adidas down 5%
August 5, 2021
European markets were slightly higher Thursday as investors monitored corporate earnings, monetary policy and Covid-19 developments.
European markets notch new highs as investors watch earnings, data; Commerzbank down 6%
August 4, 2021
European markets closed higher on Wednesday, as investors monitored corporate earnings from big names around the globe, along with economic data and Covid-19.
European markets close slightly higher as investors react to major earnings; BP up 5%
August 3, 2021
European stocks closed slightly higher on Tuesday as global markets searched for direction amid earnings, rising Covid-19 cases and U.S. growth worries.
Another shipping crisis strikes, threatening delays to Black Friday shopping
August 3, 2021
The holiday shopping season could be marred by out-of-stock goods and shipping delays as the floods in Europe and China hit already strained supply chains.
Economic Perspectives
Why China should fear the EU’s carbon border tax
July 26, 2021
Expect Beijing to soon start lobbying against the proposal.
A Safety Net for the Green Economy
July 20, 2021
How to protect workers hurt by the fight against climate change.
Economic Outlook
Managing the Political Economy of Climate Change Policies
August 5, 2021
By Davide Furceri, Michael Ganslmeier, and Jonathan D. Ostry Few issues have sparked more attention than how to avoid environmental and human catastrophe from climate change. But even in the wake of massive public protests and an ambitious agenda since the 2015 Paris Agreement, governments are wary of the political costs of enacting climate mitigation [...]
World Economic Outlook Report
Read more Comments Off on Economic Outlook
ECONOMY • Opinions
Among India's Believers
August 5, 2021

A recent nationwide, multi-faith public-opinion survey has found that Indians value both religious tolerance and co-existence, on the one hand, and religious exclusivity and segregation, on the other. But this apparent contradiction, although astonishing to many, is in fact not entirely surprising.

The EU’s Post-Merkel Void
August 5, 2021

The German-led strategy of waiting until desperate times enable desperate measures has kept the European Union intact, but has also enabled the bloc to avoid taking clear stances on important issues. No matter who succeeds Angela Merkel as German chancellor, EU leaders are going to have to start making real decisions.

Read more Comments Off on Economic Opinions
ECONOMY • Insights

Read more Comments Off on Economic Insights
ECONOMY • Forecast

Economic Projections
Global Economic Projections for 2013-2021 | The Conference Board
Read more Comments Off on Economic Projections