Insights

Weekly Economic Perspectives: Net Trade Only Positive Contributor To UK 2020 Real GDP

Simona M Mocuta

Senior Economist

Kaushik Baidya

Intermediate Quant Analyst

12 February 2021

Weekly Economic Perspectives

The Economy
See special commentary on Australia-China trade. Small business sentiment deteriorates in the US. The UK economy manages a slight expansion in Q4. Industrial production disappoints in Germany, France, and Italy. Lower bonuses a drag on Japanese wages in December. NAB survey points to ongoing recovery in Australia.
The Market
Another good week for global equities. Italy's 10-year bond yield touched an all-time low. The Aussie and the pound get a bid, the dollar does not. Another big gain for oil, gold is steady.

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