MACROECONOMIC REVIEW OF THE WEEK: FOCUS ON THE UNITED STATES AND THE G7 MEETING

The june 09, 2021

Continuing on from our last article, let’s take a look at the most satisfying economic data from last week.

We will gladly look to the United States, with, for the month of May, the creation of 560,000 jobs for the American economy, causing the unemployment rate to fall by 0.3 points, placing it below the bar of. 6% with a rate of 5.8% of the working population.

It also brings us back to the inflation that the United States is experiencing today.

Indeed, during the month of April, inflation in the United States accelerated sharply, far beyond even forecasts.

It is only in May that there is some lull.

The consequences of the sustainability of this inflation?

A rise in rates by the American central bank, which would lead to exploding the debt of the United States.

It should be noted, however, that there is still plenty of room for massive job creation in the United States, which could well make the figures speak for themselves in the weeks to come.

G7 meeting:

After a two-day meeting in London, and following a joint statement, the G7 Finance released on their agreement for global corporate taxation of at least 15%.

"Historical" and "Moment of pride", here are the qualifiers which were used to speak about this agreement of the group of the seven great powers during a televised statement, narrated by the British Minister of Finance, Rishi Sunak, President of the meeting as the host country of the G7.

As far as the globalization of taxation is concerned, this is a great step forward.

However, a common development will be necessary on certain points, in particular:

For a clearer horizon, we will have to wait for the G20 meeting to be held in Venice next July, where a more concrete agreement is expected.

Wealth A7, always by your side to bring your desires to life.

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Article by : Noémie MARZLOFF

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