Overseas Headlines – July 21, 2020

United States:

At Least $1 Trillion Is Needed to Avert U.S. Disaster, Economists Say

“A crisis can stretch for weeks, months, even years, but its arc can be shaped by a few crucial moments in which political leaders choose a course of action. For a U.S. economy still reeling from the devastation of the novel coronavirus, one such moment is approaching.”



Putin Quietly Drops Goal to Make Russia an Economic Powerhouse

“In May 2018, President Vladimir Putin set out the ambitious goal of getting the Russian economy in the top five globally by 2024. Two years of stagnation later, and he’s quietly dropping the target. The objective was a political move to try to shore up support in Putin’s final term in office. But a referendum this month gives him the option to run for another two terms after 2024, removing some of the urgency to boost living standards that have taken a fresh hit from the pandemic.”



China’s Belt and Road Awakens With a Push Through Pakistan

“When China’s President Xi Jinping announced its ambitious Belt and Road Initiative in 2013, Pakistan was one of the first to welcome it with open arms. The two have gotten together again to revive the project from hibernation.”



Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.

Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.