Day: February 15, 2021

Economics

Key Developments & Chart of the week

The virus still drives G7 GDP, while the US and China record no significant inflation.


 

 

Outcome

Previous

Comment

China CPI (Jan; y-o-y)

-0.3%

0.2%

No signs of consumer price pressures

China PPI (Jan; y-o-y)

0.3%

-0.4%

First positive reading since Feb 2020

US core CPI (Jan; y-o-y)

1.4%

1.6%

No evidence for inflation concern

UK GDP Q4 (QoQ; preliminary)

1.0%

16.1%

Renewed lockdown hits recovery

 

 

 

 

 

 

 

 

 

 

 

China inflation

  • CPI inflation slipped back into negative territory (somewhat distorted by the timing of Lunar New Year), while PPI inflation turned (modestly) positive for the first time since the start of the pandemic, driven by continued resurgence in manufacturing activity and costs of raw materials.
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Politics

SLOVENIA: Jansa likely to survive no-confidence vote

The center-right coalition government led by Prime Minister Janez Jansa (Slovenian Democratic Party, SDS) will likely survive the motion of no confidence scheduled for 15 February. The vote’s outcome will increase the probability of the SDS-led cabinet lasting until the end of the term in mid-2022.… Read the rest

Politics

SPAIN: Sanchez the biggest winner after Catalan election

  • The Republican Left of Catalonia (ERC) is poised to lead the next Catalan government despite the victory of the Socialist Party of Catalonia (PSC) in the 14 February regional poll.
  • An ERC-led government is less likely to push for unilateral steps towards independence and will make it easier for the party to cooperate on the national level with the ruling Socialist Workers’ Party (PSOE) and Unidas Podemos.
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