A vaccine is a major step, but policy response is also key | Global
Some economists have been quick to upgrade their GDP forecasts for next year in response to the news that the Pfizer-BioNTech Covid-19 vaccine appears highly effective.
While this development undoubtedly marks a big step forward, for now, we are sceptical that this will provide a meaningful boost to our slightly above consensus forecast for global GDP growth in 2021.
Download this piece to find out:
- The impact of the latest vaccine developments on the existing assumptions in our baseline forecast.
- How expectations for a vaccine could trigger new shifts in spending patterns.
- How rollout of a vaccine program could trigger premature fiscal tightening.
Topics: Global, Coronavirus, GDP, Coronavirus vaccine
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