While a difficult few months lie ahead for many economies, the news of effective vaccines has led us to revise up our world GDP growth forecast by 0.8%-pt and 0.5%-pt, to 6.8% and 4.6%, in 2021 and 2022. The positive effects will be biggest in DMs, while China looks set to lose out from a shift in spending from goods back to services in advanced economies. For the world as a whole, there are reasons to think that activity will not quite return to its pre-virus path in the next two years, but it should come close.

Read the publication World forecasts revised up due to vaccine news on the Capital Economics Website.

For more info about this post:

View Source

close

Get notified when there is a new post. Read new post to earn 10 points!

1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Rate an article for points!

Leave a Reply

Your email address will not be published. Required fields are marked *