
Bank of Canada says economic slack not yet absorbed, but ‘getting closer’
Bank of Canada says economic slack not yet absorbed, but ‘getting closer’

China’s Q3 economic growth slows to 4.9%, misses expectations
BEIJING — China’s economy grew slower than expected in the third quarter, official data showed on Monday, as power outages and supply bottlenecks hurt factories while sporadic COVID-19 outbreaks weighed on consumption. Gross domestic product (GDP) expanded 4.9% in the July-September quarter from a year earlier…

U.S. economic recovery intact despite COVID-19 surge, Fed says
WASHINGTON — The U.S. economic recovery remains on track despite a rise in coronavirus infections, the Federal Reserve said on Wednesday in a new policy statement that remained upbeat and flagged ongoing talks around the eventual withdrawal of monetary policy support. “With progress on vaccinations and strong policy support, indicators of economic activity and employment…

Targeted economic measures by RBI are for second wave of Covid-19
Central bank’s measures to mitigate impact of the second wave of infections focus on healthcare.

Economic recovery on rough patch, second Covid-19 wave may dampen prospects
Gaps in recovery have been surfacing after the resurgence in new cases due to Covid-19 second wave, but the moderation in the pick-up seems to have begun well before.