EconomyWeb | Global Economic Outlook
ECONOMY • Today
EU sets out plans to curb reliance on dollar in post-Trump era
January 16, 2021
Move to reduce vulnerability to US sanctions in wake of battles over Iran policy
How Biden’s stimulus plan shook up global markets
January 15, 2021
Democratic party’s Senate wins boost everything from small-caps to copper while Treasuries sink
US banks signal post-Covid optimism
January 15, 2021
JPMorgan, Citi and Wells Fargo cite vaccine rollout and better economic outlook

Economic News
New Zealand Food Prices Rise 2.9% On Year In December
January 14, 2021
Food prices in New Zealand jumped 2.9 percent on year in December, Statistics New Zealand said on Friday - accelerating from 2.6 percent in November.
South Korea Interest Rate Decision Due On Friday
January 14, 2021
The Bank of Korea will wrap up its monetary policy meeting on Friday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The central bank is widely expected to keep its benchmark lending rate unchanged at 0.50 percent.
New Zealand Food Prices Climb 2.9% On Year In December
January 14, 2021
Food prices in New Zealand were up 2.9 percent on year in December, Statistics New Zealand said on Friday - accelerating from 2.6 percent in November.
U.S. Business Inventories Increase In Line With Estimates In November
January 15, 2021
Business inventories in the U.S. increased in line with economist estimates in the month of November, according to a report released by the Commerce Department on Friday. The report said business inventories rose by 0.5 percent in November after climbing by an upwardly revised 0.8 percent in October.
Bank Of Italy Sees 3.5% GDP Growth This Year
January 15, 2021
The Italian economy is set to expand this year and next, but will return to pre-pandemic levels only in 2023, the Bank of Italy projections showed Friday.
Economic Highlights
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ECONOMY • Analysis
Political theorists have been worrying about mob rule for 2,000 years
January 16, 2021
Plato’s “Republic” was, in part, a meditation on the evils of mob rule
Why everyone is now an options trader
January 16, 2021
On average last year almost 30m equity options changed hands each day
Economic Analysis

Progress on US jobs reverses in December as labor market remains in bad shape
January 8, 2021
The US economy lost 9 million jobs in 2020, the second worst year since 1940 for job loss on a percentage basis. Overall, the unemployment rate averaged 8.1 percent, the seventh worst year since 1948. That the coronavirus pandemic resulted in merely a bad recession instead of an unprecedented...
Economic Research
Economy: Targeted support, sustainable macroeconomic policy and structural reforms will strengthen recovery in Turkey
January 14, 2021
The COVID-19 crisis has hit Turkey’s people and economy hard. Well-designed support to households and firms that is aligned with a return to macroeconomic stability, and reforms to improve competition and labour laws, institutions and business would help to build a lasting recovery, according to a new OECD report.
Economic Views
C. Peter McColough Series on International Economics With David Malpass
January 14, 2021
World Bank President David Malpass discusses global economic recovery from the COVID-19 pandemic. The C. Peter McColough Series on International Economics brings the world's foremost economic policymakers and scholars to address members on current topics in international economics and U.S. monetary policy. This meeting series is presented by the Maurice R. Greenberg Center for Geoeconomic Studies.
Paul C. Warnke Lecture on International Security: The Nuclear Nonproliferation Treaty—Reducing the Threat of Nuclear Weapons
January 13, 2021
The United Nations is expected to hold the tenth Nuclear Nonproliferation Treaty (NPT) Review Conference in 2021, following its spring 2020 postponement. In this event, panelists discuss the status of the treaty, which has facilitated nonproliferation cooperation for more than fifty years, including the major accomplishments of its signatories and the challenges they face. The Paul C. Warnke Lecture on International Security was established in 2002 and is endowed by a number of Council members and the family and friends of Paul C. Warnke. The lecture commemorates his legacy of courageous service to the nation and international peace.
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ECONOMY • Outlook
Oil optimism could be derailed by coronavirus risks, Dan Yergin says
January 15, 2021
OPEC has left its 2021 forecast for crude demand growth unchanged, but Dan Yergin warns it's dependent on the success of the Covid-19 vaccines.
European stocks close lower as recovery concerns offset U.S. stimulus hopes
January 15, 2021
European markets closed in negative territory on Friday as a concern over further lockdown measures and political uncertainty dented sentiment.
China is set to report GDP numbers on Monday. Here's what economists expect
January 15, 2021
China’s upcoming economic data release will likely confirm the country as one of the few economies that grew in 2020 amid the Covid pandemic, said analysts.
Covid infection provides some immunity for at least five months, UK study finds
January 14, 2021
Preliminary findings in Public Health England's SIREN study found antibodies from past Covid infection provide 83% protection against reinfection.
Economic Perspectives
Limiting the ECB’s QE program via a treaty change: is there a need?
January 14, 2021
Analysis on possible ECB treaty mandate provided to the House of Representatives of the Netherlands.
A green industrial policy for Europe
January 13, 2021
A ‘green industrial policy’ able to promote economic growth, job creation and environmental goals altogether will be fundamental to Europe’s climate change ambitions.
Economic Outlook
Legally Speaking, is Digital Money Really Money?
January 14, 2021
By Catalina Margulis and Arthur Rossi Countries are moving fast toward creating digital currencies. Or, so we hear from various surveys showing an increasing number of central banks making substantial progress towards having an official digital currency. But, in fact, close to 80 percent of the world’s central banks are either not allowed to issue [...]
World Economic Outlook Report
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ECONOMY • Opinions
Navalny’s Return
January 15, 2021

Despite independent journalists uncovering more details about last year's nerve-gas attack against Russian opposition leader Alexei Navalny, public sentiment in the country remains unmoved. The primary reason is not that Russian citizens don't know about the crime; it is that too many just don't care.

China’s Debt Grip on Africa
January 15, 2021

Since the 2008 global financial crisis, China has steadily increased its direct lending to developing countries – often with draconian conditions attached. Debt moratoria during the pandemic, while important, will not solve this problem.

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ECONOMY • Insights

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ECONOMY • Forecast

Economic Projections
Global Economic Projections for 2013-2021 | The Conference Board
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