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Prospects for the global economy in 2021

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PROSPECTS 2021

Europe and the United States may slip back into recession in the northern hemisphere winter. If vaccination succeeds, the advanced economies will recover robustly from mid-2021…

The great GDP contraction may herald huge crowding out

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INTERNATIONAL

Economic stimulus schemes and gaps.

Greece’s virus recovery forecasts are over-optimistic

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GREECE

The authorities are gradually lifting pandemic-induced restrictions. The need to protect public health has given way to preserving the productive capacity so painfully built up…

COVID-19 shocks point to recession in Latin America

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LATIN AMERICA

The economic impact of COVID-19.

Euro-area COVID-19 recovery could be L-shaped

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EU

Euro-area outlook.

Prospects for the global economy to end-2020

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PROSPECTS 2020 H2

COVID-19 dominates the scenarios for the next six months, which range from a swift sharp recovery to another dramatic fall in activity. Policy responses, financial markets…

Prospects for the global economy to end-2021

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PROSPECTS H2 2021

However, supply is struggling to keep pace with demand, and dislocation effects plus shortages of some critical goods and workers are raising prices. GDP growth forecasts for 2021…

UK GDP recovery may be more L- than V-shaped

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UNITED KINGDOM

UNITED KINGDOM: Recovery may be more L- than V-shaped

Protracted restrictions will delay recovery in Chile

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CHILE

CHILE: Protracted restrictions will delay GDP recovery

The Fed will be very cautious about policy tightening

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UNITED STATES

The Fed targets an average annual inflation rate of 2% but, under its 2020 monetary policy framework, will tolerate a moderate overshoot to make up for past low inflation. The Fed…