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Added on the 29/04/2021 16:45:00 - Copyright : France 24 EN
On Wednesday Credit Suisse Strategists revealed the key to investing in 2021 is preparing for a virus-free economy in 2022. In a note to clients, the team initiated a 2021 S&P 500 price target of 4,050. Business Insider reports that the target implies a 12% rally from Tuesday's closing level. Various coronavirus vaccines are vying for regulatory authorization. That led Credit Suisse to "de-emphasize the near-term" and focus on how the US economy would launch out of its virus slump. The team said "the virus will be a fading memory" in 2022 and the rotation to cyclical stocks will be "largely behind us."
The ringing of the opening bell at the New York Stock Exchange as stocks bounce in opening trading, winning back some of the losses suffered in three weak sessions that culminated in a rout Thursday. IMAGES
Kolkata/Himachal Pradesh/New Delhi/Bhopal, Apr 17 (EFE/EPA). The governor of the Reserve Bank of India on Friday admitted that the economic condition in the country had deteriorated during the last few weeks amid a strict nationwide lockdown, set to last at least until May 3, and announced fresh measures to boost the economy. Shaktikanta Das held a press briefing to assess the current economic situation, three days after Prime Minister Narendra Modi announced a 19-day extension of the nationwide lockdown to prevent the spread of the new coronavirus, which was initially set to last for a three-week period ending Apr. 15. "Economic activity has come to a standstill during the period of the lockdown, with consequential lingering effects which have unambiguously affected the cash flows of households and businesses," Das said, although emphasizing that India was one of the few countries projected to sustain a positive GDP growth, of 1.9 percent, this year. (Camera: PIYAL ADHIKARY / SANJAY BAID / SANJEEV GUPTA / MONCHO TORRES)FOOTAGE SHOWS AWARENESS MESSAGES AND MEASURES TAKEN AGAINST COVID-19 IN KOLKATA, HIMACHAL PRADESH, NEW DELHI AND BHOPAL, INDIA.
Washington DC, Apr 14 (EFE).- "We project global growth in 2020 to fall to -3 per cent," the International Monetary Fund (IMF) reported on Tuesday."This is a downgrade of 6.3 percentage points from January 2020, a major revision over a very short period. This makes the Great Lockdown the worst recession since the Great Depression, and far worse than the Global Financial Crisis," the organism added.FOOTAGE OF WORLD BANK AND INTERNATIONAL MONETARY FUND HEADQUARTERS IN WASHINGTON DC.
Pensioners and social security beneficiaries queue in front of a bank in José C. Paz, in Argentina, to receive a payment promised by the Argentinian government. Latin America is heading into "a deep recession" in 2020, with an expected drop in the region's GDP of 1.8 to 4.0 percent due to the coronavirus pandemic, the UN economic commission for the region said Friday. IMAGES
The Bank of Japan holds off on expanding its massive stimulus programme while pushing back the expected timing for hitting its 2 percent inflation target by around six months. Meg Teckman reports.
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