United States:
Disappointed Consumers Temper U.S. Economy’s Main Growth Engine
“American consumers’ hopes of completely and quickly escaping the clutches of Covid-19 have been dashed by a more contagious variant, renewed mask mandates and uncertainty surrounding in-person returns to schools.”
Europe:
U.K. Business Warns Tax Hikes Risk Strangling Economic Growth
“U.K. Prime Minister Boris Johnson risks strangling growth with higher taxes on business to fix the public finances in the wake of the coronavirus pandemic, the country’s biggest business lobby said. The blunt criticism comes less than a week after Johnson and Chancellor of the Exchequer Rishi Sunak raised payroll levies on workers and companies to help fund health spending.”
Asia:
China Counts Cost of Renewed Virus Shutdowns: Eco Week Ahead
“Chinese data this week will show the damage done from a widespread Covid outbreak last month that partially shut the world’s third-busiest container port and sent parts of the country back into lockdown.”
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