Investments

The world faces uneven recovery in the post-COVID economy

The Covid-19 pandemic plunged the world economy into the worst recession experienced in post-war history. However, the World Bank predicts a return to global growth of 5.6% for 2021. This would mark the strongest growth rate in economic activity since 1973 and it would be placed as the strongest paced post-recession recovery in 80 years. Still, it seems that the rate of economic recovery is not evenly spread across the globe.

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Robust Q2 GDP data, but outlook far from certain

The second GDP print was relatively robust, with the 1.2% quarter-on-quarter rate close to 5.0% on an annualised basis. The impetus was reasonably broadly based, with improving mobility during the quarter contributing to the consumption.