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The New Economic Cycle

Key Takeaways:

  • After an expected 3.9% contraction in 2020, global GDP is expected to grow by 5.0% in 2021. Inflation is anticipated to remain subdued at 2.0% for 2020, rising to 2.2% in 2021.
  • By region, Developed Markets GDP growth is expected to rebound to 4.1% in 2021 (from -5.3% forecasted in 2020), while Emerging Markets GDP could grow by a higher 6.2% in 2021 (from -2.0% forecasted in 2020).

 

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