March 09, 2021
United States:
U.S. Stimulus Set to Turbocharge World Economy as Europe Lags
“ U.S. recovery turbocharged by President Joe Biden’s stimulus package will help power a faster than expected global economic upswing that risks leaving Europe behind, according to OECD forecasts. The Paris-based organization said it now expects global output to rise above pre-pandemic levels by mid-2021 after major economies showed greater resilience at the end of 2020, and as evidence of vaccine efficacy grows and governments add extra demand stimulus.”
Europe:
Robust Demand for EU’s Social Bonds Defies Rout for Global Debt
“The European Union’s latest offering of social bonds looks set to avoid the collapse of demand seen in recent sovereign debt sales. The bloc pulled in over 61 billion euros ($73 billion) of orders for a 9 billion-euro sale of 15-year debt via banks Tuesday, with the proceeds to be used to help fund a jobs program in the region. Still, it was about half as much as a previous deal for the same maturity in November. Since then global bonds have suffered a sharp selloff.”
Asia:
By the Numbers: China Lays Out Ambitious Five-Year Targets
“China’s economic planners are used to setting ambitious targets, and its latest five-year plan running to 2025 is no exception. The government is targeting 7% annual growth in R&D spending through 2025, which would bring its total spending to 3.76 trillion yuan ($580 billion) by the end of the period. That’s more than the $548 billion the U.S. spent in 2018, the most recent year for which data is available.”
Disclaimer:
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.
