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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
IMF raises world economic outlook
The International Monetary Fund (IMF) revised up its global growth forecast to 6.0% from 5.5% for 2021, citing stimulus support from the US for reducing the impact of Covid-19. Moreover, the British economy is expected to grow by 5.3% this year and 5.1% in 2022. Also, the IMF increased its growth forecast for the Euro-zone to 4.4% in 2021 and 3.6% for Germany. Further, China’s growth forecast for 2021 was raised by 0.3% to 8.4%. However, the IMF warned about the high degree of uncertainty surrounding the outlook as coronavirus cases were still rising in many countries.
Euro-zone investor confidence index climbed more than anticipated in April
In the Euro-zone, the investor confidence index rose to a level of 13.10 in April, compared to a reading of 5.00 in the prior month. Markets were expecting the index to record an advance to a level of 7.50.
US JOLTs job openings rose more than expected in February
In the US, the JOLTs job openings climbed to a level of 7367.00 K in February, compared to a revised level of 7099.00 K in the prior month.
US economic optimism index climbed in April
In the US, the economic optimism index rose to a level of 56.40 in April, compared to a level of 55.40 in the prior month.
Australian AiG performance of construction index rose in March
In Australia, the AiG performance of construction index advanced to 61.80 in March, compared to a reading of 57.40 in the previous month
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