January
KOF Economic Barometer: COVID-19 foils the start of the year
The KOF Economic Barometer drops considerably in January. For the first time since July last year, it falls below its long-term average. After reaching an interim pandemic high in September, COVID-19 is now weighing more heavily on the economy again. The pandemic is causing gloomy economic prospects at the beginning of the year.
KOF Monetary Policy Communicator, January 2021
The KOF MPC figure for 21 January 2021 is 0.00. At today’s meeting, the ECB’s Governing Council has reconfirmed the need for a very accommodative monetary policy stance.
Global Economic Barometers reflect cautious optimism despite second wave
The Coincident and Leading Global Economic Barometers rise in January, signaling a continued recovery of global economic activity. The increase in the Coincident Barometer is small and reverses the fall in the previous month. The Leading Barometer increases more noticeably, once again reflecting optimism, which may now be driven by the beginning of vaccination campaigns against COVID-19 in various countries.