The US and the UK economies have both been hit hard by the corona crisis. What does the path ahead look like, especially amid geopolitical risks such as the US presidential election, the US-China trade war and the ongoing Brexit saga? Nordea analyst Morten Lund delves into the outlook for both economies in this latest instalment of our Economic Outlook podcast series.
Podcast summary with time stamps:
0:35: The numbers in the US have been staggering, with the unemployment rate in April rising to 14.7%, the highest level since the Great Depression of the 1930s. What’s our general outlook for the US economy?
2:20: We’ve seen the Federal Reserve stepping in in a major way in this crisis. What has the Fed done, and what more can we expect?
5:10: Congress passed the massive Paycheck Protection Program to try and lessen the economic blow of the pandemic. Has it been a success?
6:44: The US presidential election is coming up in November. Financial markets will be on high alert, keeping the 2016 presidential election in mind when Treasury yields increased sharply and the dollar weakened. What can we expect come November?
8:48: The US-China trade war is back and appears to be here to stay.
11:14: The UK economy will likely take one of the hardest hits in the corona crisis. What’s the outlook there?
13:15: The Brexit saga continues, and can we expect a trade deal this year?
Read the full Global and Financial Market Overview, “Flattening the Recession Curve,” in our latest issue of the Nordea Economic Outlook.
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