US and UK blossom, as Euro struggles
Today’s moves reinforce the emerging story of two destinies, says NAB’s Gavin Friend on today’s morning Call. It’s the US and UK, versus a trailing Europe, driven largely by vaccine rollouts.
Day: 4 February 2021
THE TWITTERATI
GDP in Q1 1.5% down on Q4. Hardly surprising given the lockdown. The economy is still 8.7% smaller than just before the pandemic, whereas US GDP is close to where it was, thanks to massive government spending.
BBC breakfast just said economists believe today's GDP numbers will be better than expected. So are expectations higher than expectations?