Bloomberg (May 19)
“Australia’s success in curbing Covid-19 infections is allowing it to slowly ease some restrictions even as it remains largely closed off from the rest of the world, taking its economy back to the pre-globalization era.” Stimulating domestic consumption prove essential “to drive any rebound,” but complicated by consumer worries. “Even before Covid-19, Australian households were among the most indebted in the developed world, with debt almost double disposable income.”
Tags: Australia, Closed off, Consumption, COVID-19, Developed world, Economy, Households, Indebted, Pre-globalization, Restrictions, Success
Reuters (December 16)
With Mark Carney on the way out, the next Governor of the Bank of England will need to “believe in magic…. If all goes well, he or she will not only face the developed world’s current issues of stubbornly low inflation rates, easy credit and climate change. If Brexit also goes wrong, the new bank chief will also need some preternatural gifts.”
Tags: BOE, Carney, Climate change, Developed world, Easy credit, Governor, Inflation, Magic, UK
