Four factors will determine the pace of global economic recovery. We anticipate that global growth will rise by 4.4 percent year-on-year in 2021 following a dramatic decline of 4.2 percent in 2020.
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Four factors will determine the pace of global economic recovery. We anticipate that global growth will rise by 4.4 percent year-on-year in 2021 following a dramatic decline of 4.2 percent in 2020. The outlook over the next year is heavily dependent upon: 1) the evolution of the pandemic; 2) government policy to control outbreaks; 3) continued monetary and fiscal policy supports; and 4) widespread availability of coronavirus treatments and vaccines.
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