The Covid-19 vaccine will supercharge global growth in 2021, but short-term headwinds, and a complete recovery only by 2022, will create transition risks.
As 2020 draws to a close and we release our updated forecasts, our economists were caught day dreaming of a world where their boldest wishes would come true.
Global Supply Chain Survey - In search of post-Covid-19 resilience
We surveyed 1,181 companies across five countries and six sectors to gauge their experiences with disruption, and their plans to make supply chains more resilient.
Recent monetary developments in the EMU are a reminder that it is simplistic and therefore risky to sum up the fuzzy concept of liquidity with QE as if it was the alpha and omega of monetary phenomena.
ECB: another EUR1.6tn in QE to reach the light at the end of the tunnel
The ECB’s December decision will be all about striking a balance between a policy response that is bold enough in the context of dire short-term prospects but flexible enough to respond to potential upside risks to the 2021 outlook.
