After a tumultuous year for global business, fledgling signs of a post-Covid economic recovery offer green shoots of hope. Not only does this provide a welcome aura of optimism, early signs indicate this recovery could be accelerating at a pace faster than might previously have been expected.

The World Bank estimates that the global economy will expand by 4% in 2021, following a 4.3% contraction in a challenging 2020. The growth projections for East Asia and Pacific are more positive still, predicted to accelerate by 7.4% in 2021. This is expected to be driven by buoyant recovery in China, and significant rebounds in Southeast Asian countries such as Malaysia and Vietnam.

Whether this optimism is fully justified, or merely the economic consequence of a stimulus-funded global growth cycle that is not yet fully understood, is largely irrelevant. The signs indicate that we are now entering a period of reopening economies, the gradual return of free-flowing capital, and an invaluable opportunity to once more kick-start growth.

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