Title : These 5 Charts Show What The Global Economy Looks Like Heading Into 2021
link : These 5 Charts Show What The Global Economy Looks Like Heading Into 2021
These 5 Charts Show What The Global Economy Looks Like Heading Into 2021
* Many countries went into months of lockdown in 2020 in a bid to stem the spread of Covid-19, which reduced cross-border travel and accelerated job losses.
* Governments increased spending to cushion the economic damage, but are now left with a huge debt pile to reckon with in the coming years.
* Meanwhile, central banks around the world slashed interest rates and purchased more assets to inject more money into the financial system.
SINGAPORE — The Covid-19 pandemic has sent the global economy into one of its worst recessions ever, and it isn’t yet clear when a full recovery will be in place.
Recent progress on coronavirus vaccines has brightened the economic outlook, but some economists said a potentially slow rollout of vaccines across developing economies could hamper the return of activity to pre-pandemic levels.
Even among advanced economies, renewed lockdowns in Europe in a bid to stave off a resurgence in infections could push back economic recovery, according to economists.
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WNU Editor: I am not sure if these charts will hold. The pandemic is far from over.
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