Jennifer Rubin | The Washington Post
THE ECONOMY LOOKS READY TO TAKE OFF IN A WAY WE HAVE NOT SEEN FOR 30 YEARS. The International Monetary Fund predicts that the U.S. economy “will surpass its pre-pandemic size as growth reaches 6.4% this year …. up 1.3 percentage points from the group’s forecast in January,” CNN reported.
The IMF predicts the $1.9 trillion rescue plan will “deliver a strong boost to growth in the United States in 2021 and provide sizable positive spillovers to trading partners,” and, as a result, the “recession is likely to leave smaller scars than the 2008 global financial crisis.” Continue reading
FINANCE: Why Central Banks Want To Get Into Digital Currencies – VIDEO
Why Central Banks Want To Get Into Digital Currencies – CNBC
Intense interest in cryptocurrencies, like bitcoin, and the Covid-19 pandemic have sparked debate among central banks on whether they should issue digital currencies of their own. Advocates argue that central bank digital currencies, or CBDCs, can make cross-border transactions easier, promote financial inclusion, and provide payment system stability. Continue reading →
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