“The blockade due to COVID-19 will be extended“German Economy Minister Peter Altmaier said in a statement on Friday. The state of Baden-Wuerttemberg has confirmed that the government and states will hold a meeting this weekend to discuss new measures against the virus. This comes after Germany reported a record 29,875 daily coronavirus cases, with nearly […]
Tag: Macroeconomy
EUR / USD stable below 100 hourly SMA ahead of Germany data
EUR / USD remains stable above 1.21 after Monday’s 0.13% drop. Analysts expect a pullback ahead of the ECB’s rate decision on Thursday. German data at 10:00 GMT is expected to provide mixed signals on the economy. The EUR/USD consolidating below the 100 hourly SMA at 1.2120 for the 10th hour in a row, with […]
Australia plans vaccinations in March 2021, Canada hopes to do so from January 4
After the UK medical regulator approved the coronavirus vaccine jointly developed by Pfizer and BioNtech on Wednesday, the rest of the world is making great efforts to get inoculation tests done as early as January 2021. The Australian pharmaceutical regulator, Therapeutic Goods Administration (TGA), said Thursday that to review Pfizer’s COVID-19 vaccine by January 2021, […]
The authorization for the use of vaccines in the US and the EU is expected to be approved this month.
The decisions from the US Food and Drug Administration. (FDA) and the European Medicines Agency (EMA) from the EU on the authorization of coronavirus vaccines are also expected this monthsaid Pfizer Inc. in a briefing on Wednesday. The US pharmaceutical giant’s statement came after the UK Medicines and Healthcare Products Regulatory Agency (MHRA), a medical […]
UK Approves Pfizer and BioNtech Coronavirus Vaccine, Available Next Week
The Medicines and Healthcare Products Regulatory Agency, the UK’s medical regulator, has given Green Light on Coronavirus Vaccine Jointly Developed by BioNTech SE and Pfizer Inc on Wednesday, concluding that it is safe and effective. The vaccine will be available in the UK from next week. The UK joint committee has confirmed approval of the […]
World GDP will expand 4.2% in 2021 and 3.7% in 2022
The Organization for Economic Cooperation and Development (OECD) said on Monday that expects global GDP to contract 4.2% in 2020, compared to 4.5% in September’s forecast, as reported by Reuters. Additional comments: “The OECD predicts that the 2020 world GDP will be -4.2% (compared to -4.5% expected in September), + 4.2% in 2021 (compared to […]
Advisor to Prime Minister Suga Says Country Needs Another $ 384 billion in Stimulus
Amid talks around the compilation of the third additional budget, Yoichi Takahashi, one of the six new economic advisers to Japanese Prime Minister Yoshihide Suga, has said that the government needs to spend 40 trillion yen ($ 384 billion) in its third additional budget to combat the hit to the economy caused by the coronavirus […]
Italian Undersecretary of Cabinet says ECB should cancel pandemic debt – Bloomberg
The European Central Bank (ECB) should consider canceling the public debt it buys during the coronavirus crisis to help nations recover from the economic blowreports Bloomberg, citing an interview with Riccardo Fraccaro, Undersecretary of the Cabinet of the Italian government, the closest adviser to Prime Minister Giuseppe Conte. Featured statements: “Monetary policy must support the […]
Georgieva says additional monetary stimulus can pose risks to financial stability
The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, has warned against additional monetary stimulus, saying it would pose significant risks to financial stability while speaking at an event discussing the consequences of “lower for longer” interest rates around the world. Key Comments: “Now many central banks are going back to the lab, […]
EU could approve Pfizer and Moderna vaccines in December – Bloomberg
“Pfizer & BioNtech and Moderna Inc. could receive a marketing authorization conditional of the European Union (EU) for its vaccines against Covid-19 in the second half of next month“Bloomberg reported, citing comments from the president of the European Commission, Ursula von der Leyen. Featured quotes: “The European Medicines Agency is in daily contact with the […]
