Global Outlook: Light at the End of the COVID Tunnel
While a Winter COVID19 wave in Europe/U.S. is the late 2020 focus, vaccine approval and rollouts will dominate 2021. This should allow a reduction in official and voluntary social distancing - but how will it impact consumption and business investment, and hence growth and inflation?
Meanwhile, will policymakers withdraw temporary fiscal measures or undertake some additional fiscal and monetary policy stimulus?
There are also key questions about how various countries will distribute a vaccine and the different impact it will have across economies.
Finally, will a Joe Biden Presidency herald major changes on the world stage?