This Week's State Of The Economy - What Is Ahead? - 20 August 2021

By: Taro Chellaram /Wells Fargo Economics & Financial Report/Aug 24, 2021

This Week's State Of The Economy - What Is Ahead? - 20 August 2021

In a little bit of a twist, I’ll highlight an International element of the week’s current economic activity.  The Wells Fargo Economics team notes in the Commentary that new COVID cases in New Zealand disrupted the Reserve Bank of New Zealand's plan to tighten monetary policy this week.  That raises a question about whether, going forward, rising COVID cases alter any other central banks' plans to normalize interest rates.  Also, China activity data missed expectations by a wide margin, signaling China's economy is also under pressure as a result of new restrictions.




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