Over in the US, household incomes rocketed last month, as stimulus checks were sent out as part of its pandemic relief package. The increase in personal income in March largely reflected an increase in government social benefits. The American Rescue Plan Act established an additional round of direct economic impact payments to households.
NEW: U. Household income surged by a record Personal spending jumped by 4. US Bureau of Economic Analysis chart showing the effect of economic impact payments on personal income through March: personalincome spending pandemicrelief pic. Canada GDP month-on-month at 0.
One property expert has suggested the UK could be on the brink of a housing super-boom, after Nationwide reported the fastest jump in prices since this morning. Such a boom would be another blow to those looking to get onto the housing ladder, with prices already at record highs. Yesterday, official figures showed that UK household wealth had hit record levels - due to house price gains, pensions, and the jump in savings during the lockdown.
In total, it has supplied more than m vaccine doses to more than countries so far this year. He added the company was on track to produce m doses ready for distribution a month from May. The 2nd wave of lockdowns in Europe has had a particularly severe impact on Germany dragging EZ economy with it into a double dip recession.
The CEO of Barclays bank has predicted that the UK economy is on course for its biggest economic boom since the s. Jes Staley predicted the strongest year for economic growth since the aftermath of the second world war, at 6.
The upbeat forecast meant the lender was able to put aside a smaller sum to cover customer defaults linked to the pandemic. Graeme Wearden Fri 30 Apr Key events Show 5. Live feed Show. Time to wrap up, after a blizzard of GDP reports and other economic data. Facebook Twitter. We interpret dates into recession shading data using one of three arbitrary methods.
All of our recession shading data is available using all three interpretations. The period between a peak and trough is always shaded as a recession. The peak and trough are collectively extrema.
Depending on the application, the extrema, both individually and collectively, may be included in the recession period in whole or in part. In situations where a portion of a period is included in the recession, the whole period is deemed to be included in the recession period. The first interpretation, known as the midpoint method, is to show a recession from the midpoint of the peak through the midpoint of the trough for monthly and quarterly data. For daily data, the recession begins on the 15th of the month of the peak and ends on the 15th of the month of the trough.
Daily data is a disaggregation of monthly data. For monthly and quarterly data, the entire peak and trough periods are included in the recession shading. This method shows the maximum number of periods as a recession for monthly and quarterly data. The Federal Reserve Bank of St. Louis uses this method in its own publications. For daily data, the recession begins on the first day of the first month following the peak and ends on the last day of the month of the trough.
Officials figures Friday also showed eurozone unemployment at 7. Inflation rose to 2. This content is not available in your region. It is a criminal waste of human potential to allow mass unemployment to fester year after year. It is also politically toxic — it's not a coincidence that far-right parties have been gaining support across the continent. More spending in Germany in particular wages there have been stagnant for decades would help redress that country's massive and toxic trade surplus , which exacerbates the American trade deficit and is one reason why Germany's infrastructure is in such poor shape.
Perhaps Germans might even take some solidarity vacations to Greece! In the U. If all that passes, America might just leap to true full employment and start healing the economic scars of the last decade. There are signs of a rethink in Europe too.
The pandemic forced E. But that is still far short of what the U. Worse, there are rumblings that Germany is already considering pressuring Spain back into austerity in the next year or two. If the E. Skip to header Skip to main content Skip to footer Feature.
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