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2021/04/08 / Erste Group Research

Light at the End of the Tunnel

Leading economic indicators remained on a positive trajectory in March. On Tuesday, the IMF raised its 2021 growth estimate for both global and euro zone GDP above its January forecast. The drivers included the fiscal policy measures of major countries (especially the US), the expected impact of vaccination campaigns and increasing adjustment of the economy to mobility restrictions.

The corporate bond market has probably priced in many of these favorable developments by now. Strong economic indicator releases nevertheless led to a further tightening of credit spreads last week.

Special topics:

Public Finances 2020
Corporate Schuldscheindarlehen: 1Q 2021 snapshot

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General information

AuthorErste Group Research
Date2021/04/08
Languageen
Product nameCredit News
Topic in focusCredits/ Corporate bonds
Economy in focusAustria, Eurozone
Currency in focusEuro
Sector in focus-
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