The recovery of the British economy is slower than expected and lags the recovery of the other G7 countries. This was revealed yesterday by the British Office for National Statistics. The British economy grew by 1.3% in the third quarter of 2021; the GDP is still 2.1% lower than in the fourth quarter of 2019, the level before the corona pandemic.
The number of bankruptcies in the Netherlands fell in October from 118 to 109 compared to a month earlier. This was shown in figures published by Statistics Netherlands today. Partly due to the financial and fiscal support from the government, the number of bankruptcies has fallen almost consistently since April 2020. In the past four years, only in August 2021 the number of bankruptcies per month was lower than in October this year.
OPEC has lowered its oil demand forecast for the remainder of 2021. This puts total daily demand at 96.4 million barrels, down 160,000 barrels per day. For 2022, the oil organization expects demand per day to be 100.6 million barrels. This would put demand higher than pre-corona.
The 6M Euribor is unchanged at -0.53% compared to previous business day. The 10Y Swap increased with 3 basis points to 0.20% compared to previous business day.
In the attachment, today’s market data on money and capital market rates as well as other rates are presented.
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