Early 2021 saw an uptick in optimism as coronavirus vaccinations began to roll out across the world. This, coupled with the remarkable resilience the world economy showed in 2020 since the onset of the COVID-19 crisis, now drive optimistic forecasts that the global economy will be on track to surpass pre-pandemic GDP levels by the end of 2021.
The IMF projects that the global economy will grow 5.5% in 2021 and 4.2% in 2022, reflecting expectations of a vaccine-powered strengthening of economic activity in late 2021.
However, there is still much uncertainty and renewed fear around how the evolving public health situation will affect recovery efforts. And the strength of recovery will certainly vary across different countries.
BAB is fortunate to welcome back a year later a diverse group of global economic experts who will address the following:
- Will the positive trend and growth of the global economy continue? What actions will reinforce this positive trajectory and lay the groundwork for strong post-recovery growth?
- Alternately, what factors may threaten economic contraction in the vulnerable period ahead?
- How will the UK’s departure from the EU affect the pace of recovery?
- What are the prospects for employment in the upcoming years?