Covid resurgence to derail global economic recovery – Reuters poll

Dhwani Mehta FXStreet

The odds of the coronavirus resurgence threatening the global economic recovery in 2021 have risen, a majority of the economists polled by Reuters note.

Key findings

“Nearly two-thirds of analysts - or 95 of 155 - who responded to an extra question said there was a high risk that another wave of infections derails the global economy, including eight who said that risk was very high.”

“Global growth was forecast to clock 5.3% this year in the Jan. 7-26 poll, unchanged from three months ago, after shrinking 3.9% last year, with the range of forecasts showing both higher highs and higher lows. Amongst common contributors, about 60% downgraded their 2021 outlook.”

“The 2022 consensus showed a 4% expansion, higher than the 3.5% expected previously. “

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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