US to provide strong pulse to global economy

In a new research report, ANZ Bank says solid US private demand over the coming two years is set to be a strong positive for the global economy.

ANZ says the Biden Administration looks set to inject even more net spending, albeit over a lengthy time horizon.

"With the output gap turning positive later this year, the supply-side of the economy will find it challenging to meet strong demand. Thus a spill over into inflation and/or imports are likely.

www.anz.research.com (ATI).