The December 2020 edition of our Global Macro Perspectives report features in-depth commentary of the key macro themes shaping the global economic outlook, as well as our latest country and regional views on growth, inflation and exchange rates.

This month’s edition focuses on the implications of regulatory vaccine approvals for the global macro landscape in 2021. Mass vaccination campaigns improve the chances of a recovery in contact services, in turn increasing the likelihood of above-trend growth. We now expect DM GDP growth of 5%+ in 2021, well above potential (+1.7%):

Please note that Numera clients are now able to download the 22 charts in Global Macro Perspectives via our new Macro client website. If you would like a website tour, please contact Chris Cook at