May 26, 2021Bitcoin’s steep ascent since the pandemic has been set back in recent weeks, with challenges coming from increased regulation in China and the U.S., and rising concerns about its environmental impact. Some of the regulatory scrutiny may also be paving the path for increased competition from central bank digital currencies, with China being one of the furthest along, and the U.S. announcing last week that it plans a formal exploration.
May 17, 2021A tech-led business capital expenditure (capex) recovery is underway, jump started in part by the pandemic, as firms accelerated their investments technology and equipment to quickly pivot to remote working, online shopping, streaming content, telemedicine, and other ways of adapting to survive in the new COVID environment.
May 17, 2021—As my colleague Meghan Shue said a few weeks ago, the economy has been on a wild ride (much like a Hot Wheels track) and we are expecting strong growth in the second half of 2021. Stimulus, consumer spending of savings, and business capital expenditures (capex) will be enough to push full-year growth of 7.6% in 2021 in our view, with a higher likelihood of exceeding that figure than of falling short.