World economy

US payrolls

Workers Of The World Unite! How The Post-Pandemic Recovery Is Increasing The Bargaining Power Of Labour

Katherine Davidson (Schroders) | More than 114 million people lost their jobs over 2020, according to the International Labor Organization. Even more saw their working hours and wages cut. It may seem counter-intuitive, but the post-pandemic recovery is seeing a shortage of labour – pushing up wages and shifting the balance of power in workers’ favour for the first time in decades.


Seul South Korea

Fast Growth Helps South Korea Move Beyond Delta Concerns To Tackle Debt

Trinh D. Nguyen (Natixis) | Governor Lee pulled the trigger and delivered the first interest rate hike in Asia to take the policy rate to 0.75% from 0.5%, while the rest of the region is still reeling from Covid-19 suppressions. The decision signifies South Korea’s strength in making a rapid recovery – from exports that grew 41%YoY in the first 20 days of August to accelerating retail sales to 13%YoY…


Medicare

American Health Care Is Worst In Rich World

Nick Ottens (Atlantic Sentinel) | The Commonwealth Fund, a century-old foundation dedicated to improving health care, places the United States behind Australia, Canada, France, Germany, the Netherlands, New Zealand, Norway, Sweden, Switzerland and the United Kingdom in its latest report. The Netherlands and Norway share first place. America is the world’s top innovator of new medications and treatments. The best medical schools are in the United States. The country spends…


bridge general

America’s $1 Trillion Infrastructure Bill, Explained

Nick Ottens (Atlantic Sentinel) | The United States Senate is expected to pass a $1 trillion infrastructure bill this week with funding for everything from broadband Internet to road safety. The bill, which is believed to have the support of enough Republicans to overcome a forty-senator filibuster, falls short of the $2 trillion President Joe Biden had proposed to spend on (green) infrastructure over four years. The compromise bill has…


Commodities

Commodities Had Their Best Quarterly Performance In A Decade

WisdomTree | The Bloomberg Commodity Total Return (BCOM TR) Index posted its third consecutive month of gains in June 2021, capping the quarter with a 13.3% q-o-q gain, the strongest since Q4 2010. Demand for commodities is rising as pandemic era restrictions are being lifted, while bottlenecks are providing supply challenges. Not all commodity sectors performed equally in the reporting month (which ended 16th July), with precious metals sliding 3.6%,…


new world order

Could Global Growth This Year Be The Fastest This Century?

Schroders | The world economy is set for its fastest year of growth in the 21st century this year, according to our latest forecasts. We now think global GDP is set to expand by 5.9% in 2021, having upgraded our previous forecast of 5.3%. As lockdowns ease, the service sector – which includes businesses such as restaurants and hotels – is driving the recovery in economic growth.


V L W recovery

World GDP Already Back To Pre-Crisis Levels

At the end of the first half of 2021, world GDP had already recovered end-2019 levels – after a decline of 3.5% in 2020 – thanks to the strong growth of the Chinese and US economies, according to calculations made in May by the OECD. Analysts at Oxford Economics agree in their calculations, which also talk about a GDP of 100.1% of 2019 in June 2021 and of a global…


tokyo2020

Japan’s Bid For Soft Power Victory Has Been Roundly Defeated By The Pandemic

Simon Chadwick & Paul Widdop | Even before it begins, holding the Olympic Games in Tokyo has felt like an energy-sapping endurance event. Originally scheduled for last summer and postponed due to the pandemic, the decision to go ahead has been widely questioned. As the action unfolds, Japan’s capital city will be under a state of emergency. The whole world will be watching a government seeking to manage the most…


natural gas

Natural Gas: Powering Up The Energy Transition

Citi GPS | Much of the focus on the Energy Transition has been on how quickly renewables could take over, but reducing emissions from hard-to-abate sectors and places complicates the outlook. In this context, is natural gas a transition fuel, a soon-to-be stranded asset, or is it an energy source that could be part of the Energy Transition? Our report identifies five key demand areas where the proposition for natural gas is strong.


inflation course

Can An Inflatable Economy Survive?

Peter Isackson | When nearly all incremental wealth is tied up in assets that may come tumbling down at any moment, nobody is secure. After the crash, the rich will lament their losses and their inability to rebuild. Millions will lose their gig work and below-survival wages in real jobs with no hope for a rebound. And with COVID-19 still creating havoc and climate change more and more visibly aggravating its effects, the problem of inflation we should be most worried about is the verbal inflation of experts who believe their discourse is capable of shoring up a failing system.