Bundles

10 June 2021

ING Monthly Update: Looking for freedom

There’s a new sense of optimism in Europe and the US that freedom from restrictions is just around the corner. The mood in Asia is darker. June’s Monthly Economic Update looks at how Covid-19 continues to affect every country, every market and every indicator

In this bundle

Watch: The world in two minutes

Halfway through 2021, ING's economists bring you a snapshot of what's happening in markets and regions across the globe

, and 2 others

United States

US: The Fed looks set to pivot on inflation

The US recovery is powering on, but there are worries that the supply capacity of the economy isn't keeping pace. We think the Federal Reserve will…

Eurozone: Finally, ready for take-off

With the accelerated reopening of the economy, the eurozone is heading for a strong upturn. While price increases are grabbing headlines, core inflation…

and

United Kingdom

UK: Outlook positive despite virus resurgence

The UK's final step of the reopening looks set to be postponed amid rapidly-rising Covid-19 cases. But barring a return to stricter rules, the…

China

China: Chip disruptions from Covid

The small number of Covid cases in China's Guangdong province is disrupting production and shipments. Supply chains are once again being hit. If Covid…

Asia: Shut that door!

Bucking the global trend in economic re-opening, Asia has recently been restricting movements again, which is leading us to trim many of our growth…

CEE: The big inflation build-up

Spiking inflation in Central and Eastern Europe brought responses from central banks and a shift in bias will soon be followed by rate hikes. But price…

FX: Trade and tightening; two key factors forcing the dollar lower

Two key themes have played out in FX markets so far this year; the commodity price boom and central banks looking at conventional normalisation policies.…

Rates

Rates: Put these on and inflation disappears!

With bond market goggles on there is no inflation, it seems. Leave them on and look hard enough and a tint of distant deflation dawns. That's one…

Bankruptcies: Another source of eurozone divergence

The petering out of the support measures taken during the Covid crisis is likely to lead to an increase in bankruptcies across eurozone countries. But to…

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Shortages set to affect goods prices globally, but maybe not for long

As shortages and supply chain disruptions are priced through to consumers, goods inflation is set to trend higher. We still believe the impact will be…

and

EU recovery fund boosts growth prospects for weaker economies

Almost all EU countries have now submitted their proposals for the EU Recovery and Resilience Facility. Thanks to a low take-up of loans, the fund's…

Biden’s big bang budget?

We are getting used to seeing some massive numbers being thrown around when it comes to US government spending, but the latest budget spending plan is…

Monthly economic update: Emerging from the shadows

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Rates

Monthly economic update: Emerging from the shadows

There’s a new sense of optimism in Europe and the US that freedom from restrictions is just around the corner. The mood in Asia is darker. For all…