China: Economy continues to gain speed in the fourth quarter
2021-01-20 08:35
Category: Worldwide Economic Data
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Malaysia holds key interest rate steady despite COVID lockdown
KUALA LUMPUR -- Malaysia's central bank kept its key interest rate unchanged on Wednesday, defying the expectations of some economists who had predicted an effort to ease pressure from soaring COVID-19 infections and a renewed lockdown.The central bank's monetary policy committee, in a statement, said it was holding the overnight policy rate at 1.75%. The bank had already cut the rate four times since January last year, when the...
Biden’s rescue plan could boost 2021 GDP growth to 11.4%, JPMorgan’s global chief strate …
President-elect Joe Biden gives a speech in Delaware in early January. Demetrius Freeman/The Washington Post via Getty Images President-elect Joe Biden's $1.9 trillion rescue plan could boost nominal GDP growth to 11.4% year-over-year by the end of 2021, JPMorgan's David Kelly said.The chief global strategist said on Tuesday that the plan could also cut the unemployment rate to below 5% by the end of this year.JPMorgan had estimated...
China Says Its Economy, Recovering From The Pandemic, Grew 2.3% Last Year
People walk in Wuhan on Jan. 10, the eve of the first anniversary of China confirming its first COVID-19 death. Chinese officials said on Monday that its economy managed to grow 2.3% in 2020. Nicolas Asfouri/AFP via Getty Images hide caption toggle caption Nicolas Asfouri/AFP via Getty Images People walk in Wuhan on Jan. 10, the eve of the first anniversary of China confirming its first COVID-19 death....
JPMorgan sees Biden’s stimulus cutting unemployment to less than 5% by year end
David Kelly, chief global strategist at JPMorgan Funds, wrote that President-elect Biden's new stimulus could curb unemployment. A simulation of the plan found that unemployment could dip below 5% by the end of the year, Kelly wrote in a research note. Down from a pandemic peak of 14.7%, December's unemployment rate was 6.7%, with 10 million Americans out of work. Visit Business Insider's homepage for more stories. President-elect...
Biden Is Inheriting One Of The Worst Economies In Recent History—These 5 Numbers Show How Much He …
Volunteers direct traffic as residents line up in their cars at a food distribution site at Lake-Sumter State College sponsored by the Second Harvest Food Bank of Central Florida and local churches. SOPA Images/LightRocket via Getty Images When President-elect Joe Biden is sworn in on Wednesday, he’ll inherit twin economic and public health crises on a scale that the United States hasn’t seen in generations. Millions of Americans...
I think these 2 FTSE 100 stocks could surge
Many FTSE 100 stocks had a year to forget last year, with the overall index down 14.3% in 2020. Due to the pandemic, the leading British index fell the most since the global financial crisis. Among the FTSE 100’s components, financial giants such as HSBC (LSE:HSBA) and Standard Chartered (LSE: STAN) also lagged as both banks had to suspend their dividends in the early part of 2020. While...
