Vaccine slow down and inflation signs
US inflation is higher than expected. NAB’s Rodrigo Catril says it remains to be seen whether the Fed is right that its transitory. And a jab slow-down for Europe as the J&J vaccine is put on hold.
Day: 13 April 2021
The Fast Track for China
On today’s podcast, a quick analysis of today’s UK GDP numbers, and @realVickyPryce says China’s expedient recovery might mean it surpasses the US economy a year or two earlier than predicted.
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.