ICCIAUS Weekly Economic Update powered by Intesa Sanpaolo

16/04/2021 - In this week's economic update:

  • Italy: The new DEF (Economic and Financial Document) points to a higher than expected deficit in 2021 and to a further rise in debt.

  • European Central Bank: the next monetary policy meeting will bring no noteworthy changes. Rates, asset purchase programmes and forward guidance will remain unchanged. For the time being, the ECB has no interest at all in rocking the boat, despite the much more tangible prospects of a recovery.
  • #COVID-19: United States on course to achieve herd immunity by July, despite the new strains and the J&J “pause”.
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