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Biden needs to act fast with economic plan, Euro area stability: view from the IMF

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Biden needs to act fast with economic plan, Euro area stability: view from the IMF

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Wednesday 20 January 2021 – Vol.12 Ed3.3

Commentary: Biden needs to act fast

By Mark Sobel in Washington

President-elect Joe Biden has tabled his near-term US rescue plan and surprised many with a $1.9tn economic relief proposal. It was facilitated by the Democratic party securing the Senate majority with victories in Georgia. While Biden is now better positioned to advance his agenda, many ambitious aspirations may be unattainable. There is much uncertainty. Following US macroeconomic policy in 2021 will not be for the faint-hearted.

Read the full commentary on the website.

Meeting: Euro area stability

Monday 8 February, 14:00-15:00 GMT

The euro area economy has not been spared from the damaging effects of the Covid-19 pandemic. After the first wave, it recovered well, but a second wave and new lockdowns have hampered growth. Philip Gerson, deputy director of the International Monetary Fund’s European department, discusses the effects of the pandemic on the euro area economy, setting out key findings from the IMF’s December report ‘2020 consultation on common euro area policies’.

Request to attend the meeting.

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