Vaccine rollout is creating a path toward an easing of restrictions and social distancing and a second leg to the global economic recovery. Nevertheless, the pace and breadth of vaccine rollout varies by country, due to vaccine availability and divergent attitudes toward vaccines. This will shape the global economic outlook and the different recovery and inflation trajectories across the countries we cover.
Meanwhile, when will policymakers start to withdraw temporary fiscal measures or taper QE/ultra-accommodative monetary policy? How will this affect economies and financial markets in the next 12-21 months?