Weekly Economic and Market Focus

12 February 2021: Some countries consider easing lockdown restrictions further as coronavirus infections and fatalities show signs of slowing down

Key Highlights

Global coronavirus cases show signs of stabilising, with over 152 million doses having been administered across 75 countries at a rate of 5.64 billion doses per day.
The US Federal Chair Jerome Powell highlights that the US job market remains very far from a full recovery, with additional fiscal support required to support the economy.
In Germany, the consumer inflation rate increased to 1.0% in January 2021 from -0.3% in December 2020, the first increase in seven months as the government reintroduced higher tax rates.
South Africa’s President Cyril Ramaphosa delivered the State of the Nation Address, outlying four priorities to support the struggling economy, rising unemployment rate and low business confidence.
Global financial markets rally on vaccine roll-outs as coronavirus infections stabilise on hopes of additional fiscal stimulus from major economies.

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