Look for:

Our offer for

Research Detail

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

PDF Download Download PDF (432kB)

General information

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


We use cookies and web analysis software to give you the best possible experience on our website. If you consent, these tools will be used. For more details please read our Data protection policy.


Any information, material and services regarding financial instruments and securities provided by Česká spořitelna/Erste Group/ or any of its affiliates (collectively “Erste Group“) on this and any linked website hereafter (jointly the “Websites“) shall be exclusively to investors who are not subject to any legal sale or purchase restrictions.

By agreeing to this hereto, the visitor entering this Websites confirms that has read, understood and accepted this Information and the Disclaimer