Home Banking GLOBAL & REGIONAL MONTHLY (Tuesday, 5 January 2021)

GLOBAL & REGIONAL MONTHLY (Tuesday, 5 January 2021)

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GLOBAL & REGIONAL MONTHLY (Tuesday, 5 January 2021)

Most recent economic data mirror the negative impact from the latest Covid-19 waves, with restrictions leading to a downturn in global economic activity at the end of 2020. We foresee GDP weakness to persist in many advanced economies through most of the winter with wide divergences across sectors and regions, before wide-spread vaccinations and warmer weather in mid-2021 lead to the lifting of lockdowns, bolstering business and consumer confidence more broadly in H2 2021 ..

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