Savings Glut, Lower Life Expectancy, One Year of Brexit: Eco Day

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Welcome to Wednesday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

• Anyone gearing up for bond yields to surge in 2022 should think again. A global glut of saved cash has the potential to restrain an increase in rates, even as central banks dial back their crisis stimulus
• The pandemic helped push U.S. life expectancy down to 77 years in 2020, a drop of 1.8 years from 2019, with bigger declines for men than women and for Black and Hispanic Americans than their White peers, according to final data from the National Center for Health Statistics
• Why U.S. inflation is uniquely high, in charts from Bloomberg Economics
• Cuba sees inflation finishing 2021 at roughly 70%, driven by painful economic reforms and the increased price of imports, Economy and Planning Minister Alejandro Gil told the National Assembly Tuesday
• Just a year of Brexit has thumped the U.K.’s economy and businesses
• Already famed for its unpredictability, the Bank of England could get a whole lot more inscrutable as a new tightening tool comes into play
• Japan is set to unveil another record annual budget this week as Prime Minister Fumio Kishida adds to the world’s heaviest debt load with more spending before elections next summer
• Taiwanese companies, which led the charge into China decades ago when the mainland opened to overseas capital, have been scaling back for years because of higher labor costs and more local competition -- a trend that’s threatening to accelerate

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