tweet at 8:20am: ECB CHIEF ECONOMIST PHILIP LANE BLOG POST: SUPPLY/DEMAND MISMATCHES 'HAVE BEEN EXTREMELY RARE IN HISTORY' #ecb #philiplane #eurozoneeconomy tweet at 8:22am: *LANE: MUST ASSESS ROLE OF BOTTLENECKS IN INFLATION CAREFULLY *LANE: INFLATION LINKED TO BOTTLENECKS SHOULD FADE OVER TIME tweet at 8:23am: MORE ECB'S LANE: 'SURPRISE RELATIVE PRICE MOVEMENTS SHOULD MAINLY BE ACCOMMODATED BY TOLERATING A TEMPORARY INCREASE IN INFLATION' #ecb #philiplane #eurozoneeconomyLane: Bottlenecks and monetary policy The world economy has been largely driven by a pandemic cycle since early 2020. In spring 2020, there were major concerns about the near and medium-term prospects for the world economy due to the severe economic dislocations caused by the spread of the virus and the societal and public health responses to it. In this initial phase, there was a large decline in global economic activity and many investment and production plans for 2021 and beyond were downgraded or cancelled. The significant recovery in the third quarter of 2020 and, most importantly, the rollout of vaccine programmes since late 2020 has led to a faster-than-anticipated recovery, while the success of fiscal policies in protecting the incomes of households and firms has further reinforced global demand conditions.[ 2 ] At the same time, the recovery has necessarily been quite asymmetric. Social distancing has conti

tweet at 7:00am: [RTRS]:UK FOREIGN MINISTER TRUSS SAYS RUSSIA'S LAVROV TOLD ME RUSSIA HAS NO PLANS TO INVADE UKRAINE

In the week ending February 5, the advance figure for seasonally adjusted initial claims was 223,000, a decrease of 16,000 from the previous week's revised level. The previous ...