US Executive Podcast – May 2021

US Executive Podcast Blog ImageGregory Daco, Chief US Economist, and Kathy Bostjancic, Chief US Financial Economist, discuss how the economic recovery from the pandemic-induced shutdown will be bumpy as the nature of demand rotates toward services, and supply gradually responds to strong demand. Job growth will pick up sharply this summer, spending on services will firm and inflation will likely stop accelerating in H2. Still, while supply chain bottlenecks and labor shortages will ease in the coming months, inflation will be a feature of this recovery, not a bug. The Fed’s conditional outcome-based forward guidance is not hawkish. It generally aligns with our view that discussion around QE tapering will start this summer with a possible Jackson Hole announcement provided the economic trajectory remain solid.

Back to Events

Related Services

Men on construction site


Will Asia construction survive rising construction costs?

The construction sector has seen a surge in activity following the gradual fading in Covid restrictions across different countries. However, the Russia-Ukraine conflict and continued lockdowns in China have further exacerbated supply chain constraints and increasing construction costs. In this webinar we will discuss the outlook for construction activity in Asia including the risks and implications of increasing construction costs.

Find Out More
United Nations


Frontier market turmoil: Argentina’s value, Sri Lanka’s crisis, Egyptian FX worries

Frontier markets will continue to be volatile in the near term, but bond valuations are attractive with plenty of arbitrage opportunities. We see value in Argentine bonds, as the country should benefit from higher commodity prices and liquidity risks are contained; we focus on the light at the end of Sri Lanka’s tunnel, with markets failing to price in the possibility of a successful IMF program; and also our concerns that further depreciation may be consistent with Egyptian stabilisation efforts.

Find Out More