GLOBAL & REGIONAL MONTHLY (Thursday, 4 March 2021)
Social distancing measures remain in place in most countries given the uncertainty that another wave of Covid-19 infections from new variants could emerge. Incoming economic data point to greater resilience in developed economies, while manufacturing production has continued to advance at a faster pace than services. With vaccination campaigns steadily progressing, we expect a global GDP growth acceleration to 5.5% in 2021 from -3.5% in 2020, with the recovery path largely dependent on the governments’ exit strategies.
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