The public sector wage bill is one of South Africa’s largest line items on the expenditure side, accounting for roughly one-third of total...
Eurozone | Recovery shouldn’t mean an end to all fiscal stimulus
Posted by Tomas Dvorak on May 27, 2021
Our baseline forecast sees a strong rebound in eurozone economic activity as vaccinations bring the pandemic under control, but this shouldn’t imply...
Canada | Recovery Tracker enters May with positive momentum
Posted by Tony Stillo on May 26, 2021
The Canada Recovery Tracker (CRT) rose 1.4ppts to 87.4 in the week ended May 7 and is once again heading in the right direction. The health index has...
Canada | Fiscal stimulus primed to boost the post-Covid economy
Posted by Tony Stillo on May 13, 2021
The Canadian economy will get a significant fiscal stimulus boost as it emerges from the coronavirus crisis. We see the direct effects of the...
Global | Overheating risk is real, but probably overstated
Posted by Adam Slater on Apr 14, 2021
Could fiscal stimulus lead to economic overheating? Our assessment suggests that while that’s a risk, it’s not a foregone conclusion, even with large...
US | Economy to experience strongest growth since 1984
Posted by Gregory Daco on Mar 3, 2021
A year ago, the US economy plunged into the deepest and fastest economic contraction since WWII. This year, improving health conditions, expanding...
Australia | State budgets complementing sharp fiscal response
Posted by Tyson Goddard on Feb 17, 2021
The withdrawal of stimulus by the state and territory governments will be a little more gradual than the federal government; there will be a sharp...
US | Stimulus may heat up the economy, but won’t burn it
Posted by Gregory Daco on Feb 11, 2021
The debate around the economy’s need for Biden’s $1.9tn American Rescue Plan (ARP) is heating up. A few prominent economists recently argued that...
US | How much fiscal stimulus ahead of the elections
Posted by Gregory Daco on Oct 14, 2020
The pre-election uncertainty surrounding a fiscal stimulus package could represent a watershed moment for the US economy as fiscal stimulus is...
US | Durable Goods – August 2020
Posted by Oren Klachkin on Sep 25, 2020
Durable goods orders rose 0.4% in August, yet the 4th successive monthly gain was much slower than the 11.7% July advance. Core orders and shipments...