Jerome Powell is not the only one talking down the speed of recovery. NAB’s Gavin Friend says the EU has downgraded its forecasts. And after a Biden-Xi phone call, don’t expect relations between the US and China to warm up in a hurry.
Craig Beaumont from the FSB says it’s been a narrow bridge for businesses to cross, but offers some hope for small businesses adapting to a post-COVID era. Plus, vaccine news, celebrity messages and today’s papers.
Markets are optimistic despite slow retail sales, lower consumer confidence and rising inflation expectations. NAB’s Rodrigo Catril says there’s an acceptance that much of these are short term effects. https://t.co/mk8X8viEMv
