In Japan, economic output contracted significantly in the first quarter of 2021.
“Here’s how to get billions of COVID-19 vaccine doses to the world” by Chad P. Bown and Thomas J. Bollyky:
“I’ve never had a TV in my whole life. Television passed by me.”
Fiscal relief and stimulus measures will lead to strong economic growth in 2021. In addition, the U.S. vaccination program has started well and is likely to have increased confidence that the pandemic will gradually subside in the current year. The very expansionary fiscal policy and the gradual easing of the containment measures will massively stimulate private consumption this year. In addition, many households accumulated savings last year which will be partly used for private consumption this year. I am optimistic for the U.S. economy and expect a GDP growth rate of around eight percent this year (the consensus still seems to be below 7 percent). Inflation will increase this year to around three percent, but will decrease again in 2022 to around two percent. In the medium-term, I expect somewhat higher inflation rates than in the pre-pandemic period of time.
A policy matrix for inclusive prosperity, personal finances after the recession, introduction to pychology, and much more…
“The most important thing in communication is hearing what isn’t said.”
Have you ever thought about pulling up your roots and setting sail on your own adventure? Do you want to find a way to prioritize experiences and relationships over material things and owning land or a house that would just cement you in one location?
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South Korean economy: Strong first quarter – what next?
Quote of the week – Frank Knight