Approaching the third quarter of 2021, world economic activity is expected to pick up strongly, particularly in those countries that have rolled out vaccinations to a large proportion of the population.
This economic activity will continue to surge in the second half of this year, on the back of enormous pent-up demand and the delayed impact of huge fiscal and monetary stimulus.
Although we are keeping a close eye on rising inflationary pressure this year, we continue to see a strong probability of a ‘good recovery’ from the Covid-19-induced downturn.
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