Global Economics Monthly Review
US economic activity continued to grow in the first quarter of 2021, while in the euro bloc GDP contracted for the second consecutive quarter.
The rise in morbidity in a large number of countries is hampering their economic activity, with an emphasis on India, Japan, and Latin America, where morbidity has risen substantially.
Inflation in the developed countries continued to climb in April.
The central bank of Canada announced a reduction in the quantity of asset purchases, and it said the interest rate is expected to rise during 2022.
- The new governor of the Turkish central bank kept the interest rate unchanged at a high rate, against the backdrop of the rise in inflation; however, we estimate he is waiting for an opportunity to cut the central bank rate..
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