Tuesday 13th April 2021
China saw its economy expand last year, whilst the rest of us saw significant declines. This year they are expected to outgrow the rest of the developed world even more so. to Vicky Pryce says China was expected to eclipse thew US economy by 2030, but now it could happen a couple of years sooner. That assumes we continue to trade with China to a greater extent that we do already. But how will that relationship cope with political pressures over human rights and territorial disputes.
Also today a first-look at the UK’s latest GDP figures – which were up for February – more on David Cameron’s government lobbying, vaccine numbers and Lord King’s strange ideas about killing off companies while they’re down.
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Where does it end?
Yields pushing higher on both sides of the Atlantic – because of inflation in the US, unfunded debt in the UK. NAB’s Rodrigo Catril says the uncertainty is giving the Aussie dollar a trouncing, compounded by the slower path of hikes by the RBA.
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Powell’s “tough situation”, yet equities push higher again
After today’s FOMC meeting, NAB’s David de Garis says the Fed has a big picture role for the US, but it’s fiscal policy that counts now. But where is it?
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Next, a repair based economy?
Are we too reliant on stuff? I ask Steve Keen if now is the time to ignite the repair-based economy?
