More and more strategists believe investors are underestimating the outlook for consumer prices. David Roche, president of investment firm Independent Strategy, is among them. He told CNBC on Wednesday that the U.S. inflation rate, which stood at 2.6 in March from a year earlier, could rise much higher. My own view is that we will […]

The global economy will recover this year from its coronavirus slump at a pace not seen since the 1970s as strong momentum builds in most major economies, according to Reuters polls of over 500 economists. That optimism was largely led by the widely expected vaccinedriven recovery, massive liquidity injections, unprecedented fiscal support primarily by the […]

The U.S., Canada and U.K. are among some of the highincome countries actively blocking a patentwaiver proposal designed to boost the global production of Covid19 vaccines. It comes as coronavirus cases worldwide surge to their highest level so far and the World Health Organization has repeatedly admonished a shocking imbalance in the distribution of vaccines […]

Scientists at Texas AM Universitys Global Health Research Complex say theyve detected a new Covid19 variant that shows signs of a more contagious strain that causes more severe illness and appears to be resistant to antibodies. The new variant, BV1, named after its Brazos Valley origin, was found during Texas AMs routine coronavirus screening via […]

The European Central Bank left policy unchanged as expected on Thursday, keeping copious stimulus flowing even as it predicted a firm rebound in the euro zone economy in the coming months as pandemic restrictions are lifted. The ECB is keeping borrowing costs pinned near record lows via massive bond purchases to see the 19country currency […]

LONDON, April 22 Reuters British manufacturers expectations of a rebound from the economic slump caused by the COVID pandemic rose to their highest in almost 50 years this month, the Confederation of British Industry said on Thursday. The CBI said its quarterly survey of manufacturers also pointed to a recovery in investment and hiring plans […]

OTTAWA, April 21 Reuters The Bank of Canada on Wednesday said it feared high housing prices could result in stretched borrowing and lending, leaving some households and financial institutions vulnerable to an economic downtown. National resales have hit record highs amid the COVID19 pandemic while inventories of existing homes are at record lows, with demand […]

OTTAWA, April 21 Reuters The Bank of Canada sharply hiked its outlook for the Canadian economy on Wednesday and said it expected slack to be absorbed in the second half of 2022, suggesting rates could rise sooner than the previous forecast of sometime in 2023. The central bank, in its spring Monetary Policy Report, also […]

Rating agency SP affirmed Japans AA1 sovereign debt ratings on Wednesday, citing its rich current account surplus and an expected gradual economic recovery from the COVID19 pandemic. The global rating agency said its outlook for Japan remains stable, reflecting prospects the worlds thirdlargest economy will achieve average nominal growth of about 1.8 over the next […]

Just as some patients recovering from Covid19 suffer longlasting symptoms, its becoming clear that the same will be true for the global economy once this years Vshaped rebound fades. While 26 trillion worth of crisis support and the arrival of vaccines have fueled a faster recovery than many anticipated, the legacies of stunted education, the […]