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Silvercrest Asset Management : Economic Review—Q3 2021


ECONOMIC REVIEW & INVESTMENT STRATEGY: 2021/III
Despite stocks posting all-time highs and bonds having largely shrugged off inflation concerns, concerns abound among investors. Surveys note fear over an increase in the COVID Delta variant, sticky inflation, high levels of government debt and spending, a sluggish recovery in employment, and so on. Yet, if we face and examine these fears, we find that they are not so scary after all.
DELTA DANGER?
COVID remains in the headlines with newly increasing case numbers, albeit off a very low base. Since the problem is mostly confined to the unvaccinated, if cases continue to rise, federal and local governments likely will respond by emphasizing the importance of vaccines, rather than pushing for renewed lockdowns. The U.K. and Singapore governments have made statements consistent with that approach. If followed, the negative effects on economic activity should remain relatively minor, particularl ....

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EU jobless numbers drop by most since pandemic hit


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EU jobless numbers drop by most since pandemic hit
EU jobless numbers drop by most since pandemic hit
Bloc’s manufacturers say they are hiring at the fastest rate in two decades
World Economy News
2 Jul 2021
• 3 min read
The number of unemployed people in the EU dropped by 382,000 in May, boosting optimism about a rebound in the region’s labour market as manufacturers said they were hiring at the fastest rate for two decades.
The third consecutive monthly fall lowered the bloc’s unemployment rate from 7.4 to 7.3 per cent, Eurostat said on Thursday. The jobless rate has fallen from a peak of 7.7 per cent in September last year, but is still above a pre-pandemic low of 6.6 per cent. ....

Claus Vistesen , Chris Williamson , Jessica Hinds , European Central Bank , European Commission , Pantheon Macroeconomics , Consensus Economics , கிறிஸ் வில்லியம்சன் , ஜெசிகா தடை , ஐரோப்பிய மைய வங்கி , ஐரோப்பிய தரகு , ஒருமித்த கருத்து பொருளாதாரம் ,