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2021/01/11 / Erste Group Research

With their victory in the run-off elections in the state of Georgia last week, the Democrats have also secured a defacto majority in the Senate. Consequently, the chances for another stimulus package have increased. The US economy is recovering faster than that of the Eurozone thanks to the substantial input of public money, to which the financial markets are reacting by widening yield spreads of US Treasuries to German Bunds. This week, Germany will publish a first flash estimate of GDP growth for 2020. With an expected GDP decline of 5.1%, Germany should have weathered the Corona crisis far better than other Eurozone countries.

General information

AuthorErste Group Research
Date2021/01/11
Languageen
Product nameVideo
Topic in focusMacro/ Fixed income
Economy in focusEurozone, United States
Currency in focusEuro, US Dollar
Sector in focus-
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