18 May
US Federal Reserve: Jay Powell warns US recovery could take until end of 2021 saying the Fed and Congress might still have to do more to support the economy, according to an exclusive interview with CBS.
Go deeper with GlobalData
Writing about Europe’s labour market HSBC Senior European Economist Chris Hare said that the medium-term outlook is for job losses and disinflation.
“But for the longer-term, weak labour supply and a shift away from low-cost employment risks weaker economic growth, squeezed company profits and higher inflation.
“A large portion of recent Eurozone and UK GDP growth came from employment expansion. If migration and labour participation gains now stagnate, long-term employment growth could be very weak.
“But profits cannot be squeezed forever: recovery may eventually give firms more power to raise prices more quickly this time.”
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataIn a May 17 note, Goldman Sachs economists Prachi Mishra and Andrew Tilton Goldman estimated that India will have its deepest recession ever as they forecast the GDP to contract 45% in Q2 this year. However, the bank also predicts a 20% uplift in Q3.
