The November 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 impact of renewed lockdowns in Europe, and on the implications of promising vaccine developments for the global economic outlook in 2021. The first development weakens near-term prospects, whereas the possibility of widespread vaccinations materially improves the likelihood of a sustained recovery:

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