The World Trade Organization (WTO) expects international trade to grow faster this year than previously estimated. Trade will grow by 8.0% in 2021, on an annual basis. Last year, world trade contracted by 5.3%. WTO expects that the recovery after the corona pandemic will be unevenly distributed, as the recovery is strongly linked to vaccination programs. Poorer countries still barely have access to vaccinations.
Employers submitted more than twice as many applications for dismissal to the Netherlands Employees Insurance Agency (UWV) in 2020, compared to 2019. The number of resignations increased substantially, especially in June. The UWV received a total of 28,327 applications in 2020.
The European Central Bank (ECB) may have its own digital currency in four years’ time. This was announced by the ECB president Christine Lagarde. A digital currency offers people easier access to payments and stimulates innovation. More than a year ago, the ECB announced that it was studying the possibilities of setting up its own crypto coins together with several other central banks.
The 6M Euribor decreased with 1 basis point to -0.52% compared to previous business day. The 10Y Swap is unchanged at 0.07% 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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