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Our monthly market update.
Global economic growth forecasts for 2021 have generally been revised upwards, with estimated growth for the US and emerging markets rising to 7.5% and 6% respectively. The optimism for higher growth is in part due to the passing of a further stimulus package in the US and the progress of the Covid-19 vaccine rollout across the globe.
The world reached a psychologically significant milestone on the 3rd February, as the number of people vaccinated against Covid-19 exceeded the number of confirmed cases, according to the Financial Times vaccine tracker.
Social restrictions increased during January as COVID-19 cases surged. This weighed on the prospect for short term economic growth, especially in Europe.
Social restrictions increased during January as COVID-19 cases surged. This weighed on the prospect for short term economic growth, especially in Europe.
The confidence of investors and public health experts alike was raised during November due to positive news that two of the Covid-19 vaccine candidates have shown promise in clinical evaluations.
The re-opening of economies across the world has progressed with variable degrees of success. Leading indices continue to suggest that global trade has swung back to an upward trajectory after steep drops in May and June.
The post Covid-19 economic recovery appears a little uneven across the world. Recent US economic data has been very positive, whereas activity in the UK, where Brexit is looming, is not as encouraging.