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Major forecasts: Rise and shine
The economic situation is brightening by the day. The pace of vaccinations has picked up even in the Euro area, while also seasonal variation is aiding in pushing new Covid-19 infections lower. Restrictions are being eased, and the economy is gathering more steam. Supply constraints on the back of shortages in commodities, intermediate inputs and components are already visible in many parts of the industry. Global commodity prices continue to surge. The share of small US companies not able to fill their open job positions is at a record high. Inflation signals are flashing red even in the US services sector. Central ... (full story)