U.S. Economic News
January 5, 2021
U.S. Economic Indicators
The ISM Manufacturing Index rose 3.2 points to 60.7 in December. The Employment Index rose 3.1 points to 51.5, while the New Orders Index rose 2.8 points to 67.9. ISM Report
U.S. News
The Wall Street Journal reports that the World Bank is warning of a “lost decade” for global growth as the pandemic exacerbates the growth slowdown that began even before the pandemic struck. The bank lowered its 10-year global growth projection to just 1.9%, down from a pre-pandemic estimate of 2.1%, citing lower trade and investment activity as well as labor productivity losses from pandemic-related disruptions to education. WSJ