AUS
NZ
UK
CA
USA
IND
Summary
- Most countries remain positioned to face higher levels of inflation as economic recovery takes shape across the globe.
- The economic revival has not been uniform across nations, with some countries still struggling to contain the virus and its economic impacts.
With rapid re-emergence from the economic slowdown observed last year, most countries are now gearing up for high levels of inflation. This has spurred prospects of a sooner-than-expected interest rate hike across major countries.
The Reserve Bank of New Zealand has hinted at interest rates going up as soon as 2022. On similar lines, the US Federal Reserve is exploring the option of tapering security purchases, and so is the Reserve Bank of Australia. However, the following months could change this course for Australia as the country grapples with the re-implemented lockdown due to the current surge in COVID-19 cases.
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On a positive note, most nations are seeing an improvement in employment as well as industrial production, an increase that has been sustained for quite some time now. However, the overall growth pattern in the economy seems to exhibit an uneven pattern, with some countries still staggering behind. Here is a closer look at the upcoming events in the global economic calendar along with the previously recorded data:
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