BusinessWorld
April 13, 2021 | 9:25 pm
(Second of three parts)
Economic prospects for 2021 look bleaker by the day as COVID-19 cases are rising and our Government can’t seem to get their act together in effectively distributing the vaccines available and managing more expertly the necessary balance between public health and the economy. In my own economic forecast, the Philippines shall continue to see paralyzing lockdowns as we suffer from additional surges of even more infectious varieties of this deadly virus. I do not expect positive GDP growth till the fourth quarter of the current year, coming mostly from the Government’s stimulus packages and the Build, Build, Build program. The only other major source of growth will be from the more than 10 million Overseas Filipinos who are literally our global front liners helping to carry the burden of the Philippine economy as our doctors, nurses, and health workers are the front liners caring for the health of the
4/12/2021 3:06:46 PM GMT | By Eren Sengezer
The Federal Reserve Bank of New York s latest Survey of Consumer Expectations revealed on Monday that median inflation expectations at the one-year and three-year horizons rose to 3.2% and 3.1%, respectively.
Additional takeaways Inflation expectations at both horizons have increased steadily over the past five months and they are now at their highest since mid-2014. Median one-year ahead expected earnings growth decreased 0.2 percentage point in March returning to 2.0%, the level at which it remained between July 2020 and January 2021. The mean perceived probability of losing one s job in the next 12 months decreased from 14.2% in February to 12.8% in March, the lowest reading in almost three years.
Provided by Dow Jones By Michael S. Derby Americans expectations for the inflation over the next few years hit its highest level last month since March 2014, amid surging expectations for housing related costs, the Federal Reserve Bank of New York said Monday. In the bank s Survey of Consumer Expectations for March, those polled said they see inflation a year from now at 3.2% and at 3.1% three years from now. Both readings were up 0.1 percentage points from February. Amid the jump in overall expected inflation, projected home price increases a year from now booked a 0.8% percentage point rise to a series high 4.8% gain. Expected rental costs and gasoline prices also hit the highest level of expected gains in the history of the New York Fed survey.
But the surveys, conducted mid-February to early March, do not capture the impact of the latest round of lockdowns in several provinces or the worrying rise of COVID-19 infections
From Bloomberg: The contingent of U.S. consumers who see inflation exceeding 4% in the year ahead rose to 44% last month the most since September 2013 according to results of the Federal Reserve Bank of New York's monthly Survey of Consumer Expectations published Monday, April 12.