Putnam Fixed Income Team, author at Putnam Perspectives

Vaccine not in time for jobs recovery

The U.S. labor market continues to lose steam as fewer Americans were able to find work amid surging Covid-19 cases.

Oil prices are likely to trend slightly higher as OPEC+ mulls maintaining lower output in 2021 and demand recovers in key markets such as China.

Governments are trying to calibrate their policies to support growth as “fiscal cliffs” loom amid a resurgence in the virus.

U.S. election politics are playing out against a backdrop of an easing recovery, rising COVID-19 cases, and a potential new vaccine.

China is leading the economic recovery among emerging-market countries, buoyed by stimulus and stringent COVID-19 measures.

Fiscal and monetary policies will be central to the economic recovery between now and the availability of a COVID-19 vaccine.

Fiscal policy will be a key focus for investors after the November election.

The development of a vaccine will play a role in shaping the global economic comeback in 2021.

Prime Minister Shinzo Abe’s resignation raises questions about the future of Abenomics and reform in Japan.