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Interest rate uncertainty keeps pressure on US bonds

Location:

INTERNATIONAL

The Fed and ECB seem set to diverge, with the latter expected to cut rates in June. There is a rising prospect, bolstered by the resilient US labour market and Middle East…

Aid cuts would hit US influence

Location:

UNITED STATES

On January 18, a Gallup study found that global approval of US leadership had fallen to 30%, a record low, down from 48% in 2016 and 1 percentage point behind China; Germany has…

US output will negate most of extended OPEC cuts

Location:

UNITED STATES

The US shale oil industry has mounted a comeback over the past six months. After a deep recession brought on by plunging oil prices starting in mid-2014, the sector is growing…

Canada’s military could face cuts after COVID-19

Location:

CANADA

This comes as COVID-19 has necessitated state support payments to Canadians, skewing the government’s budget and spending priorities. Canada’s military faces possible budget cuts…

US purse strings strained by short-term sweeteners

Location:

UNITED STATES

In its biannual ten-year projections released on April 9, the Congressional Budget Office (CBO) foresaw the budget deficit averaging 4.9% of GDP from 2019 to 2028, an increase…

US tech labour market will be selectively tight

Location:

UNITED STATES

This was about 40% of the number in November, when Meta became the first ‘big tech’ firm to trim the over-hiring of the pandemic period and reassure investors that it was cutting…

COVID-19 is likely to force austerity in Canada

Location:

CANADA

The report projects that the federal government’s deficit will rise tenfold to CAD343.2bn (USD255.1bn) in 2020-21. This vast increase raises the question of what exit strategies…

New Zealand growth and revenue could disappoint

Location:

NEW ZEALAND

This fiscal path is broadly consistent with the previous government’s, but the surpluses are planned to be smaller and net government debt is expected to drop below 20% of GDP two…

New tax law will help US energy sector

Location:

UNITED STATES

Oil drilling in Alaska and the energy sector under the new US tax laws.

More US green policy roll-back is coming in 2018

Location:

UNITED STATES

This includes proposals to speed infrastructure project approvals and cut the operating budget of the Environmental Protection Agency (EPA) by 26% and its staff by around 20%. The…