Overseas Headlines – May 5, 2021

United States:

U.S. Births Drop to the Lowest Level Since the 1970s

“The years-long U.S. baby drought worsened last year, with births dropping 4% from 2019 to the lowest level since 1979. The provisional data for 2020, at 3.6 million births, marks the sixth annual drop in a row. The decline will likely continue in 2021, when the brunt of the impact from the Covid-19 pandemic will be recorded — with a nine-month delay.”



London Emerges From Lockdown Harder Hit Than Much of the U.K.

“London is emerging from lockdown bruised by Brexit and a pandemic that hit the U.K. capital harder than other regions, raising questions about its ability to power the country’s economic recovery. The city accounts for a quarter of U.K. output and suffered almost 30% of the drop in payrolls nationwide in the past year, official data show. People are moving to the suburbs and beyond in search of space, and Britain’s exit from the European Union is draining away high-paying work in finance.”



Thailand Holds Rates, Warns on Growth Amid Worst Covid Wave

“Thailand’s central bank kept its benchmark interest rate unchanged for an eighth straight meeting, warning that its forecast for economic recovery was threatened by the country’s biggest virus wave since the pandemic began. The Bank of Thailand held the policy rate Wednesday at 0.5% in a unanimous decision, as expected by all 22 economists in a Bloomberg survey.”




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