The economy is booming around the world. According to Kees de Kort, BNR macroeconomist and economic commentator, the US had never seen such a good quarter before, but he was not surprised by that after the disastrous second quarter.
“The second quarter was of course incredibly bad. Then it’s not hard to do a better job. Case de Corte explains that the US government has spent an incredible amount of money on the economy. However, compared to last year, there is still a small minus on the panels.” .
However, confidence in the economy remains weak. “The support measures are about to end and the people at the Fed do not yet believe that the economy can stand on its feet again.” You see the same thing with consumers. Consumers are becoming more positive, but consumer confidence is still not at the old level. In addition, 23 million Americans are still receiving unemployment benefits.
De Corte also discussed figures from Japan. The Bank of Japan expects a 6% contraction, and purchasing managers are increasingly pessimistic. Something that does not surprise de Kurt.
Listen too | View | Fear is not local but national
About Case de Corte
Economist Cees de Corte presents his (own) view of the financial and economic world every day after 12:00. Listen directly to BNR Zakendoen or whenever you want via bnr.nl/keesdekort, Apple Podcast and Spotify.
“Travel enthusiast. Alcohol lover. Friendly entrepreneur. Coffeeaholic. Award-winning writer.”