OECD cuts 2021 global forecast, warns governments to maintain support 0 (0)

OECD sees a gradual and uneven global recovery over the next two years
„Policy still has a lot to do. If public health or fiscal policy falter then we would see a loss of confidence and a much more depressing outlook.“
As per the usual, take these forecasts with a pinch of salt as they are merely

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European Commission says EU fully concentrated on Brexit negotiations right now 0 (0)

Some Brexit remarks by the European Commission
– People, businesses have had time to prepare for end of transition period
– If no-deal contingency plans are needed, they would be limited and adopted in time for 1 January
Some token remarks really, once again not giving anything away with regards to how the state of negotiations are playing

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ECB’s Lagarde: Monetary policy cannot be as targeted as fiscal measures can be 0 (0)

Comments by ECB president, Christine Lagarde
– Fiscal policy is critically important when services sector gets hit
– Fiscal and monetary policy coordination has helped a great deal
So far, she’s mainly speaking about how they have responded to the virus crisis since March. There’s no mention yet about any future policy steps ahead of next month.

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Brexit: Barnier still keeping mum as talks continue again in London 0 (0)

Barnier just told reporters „there are reasons for determination“
Not really giving anything away, similar to the tone over the weekend. Talks are now continuing again between Barnier’s team and Frost’s team in London, so we’ll have to wait and see if there will be anything substantial later in the day.

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