Euromonitor International predicts that the global economy will rebound from the recession of 2020, with annual real GDP growth of 5.3% in 2021. This report offers key insights from economy, finance and trade, business dynamics, cities, industrial and sustainability perspectives. For example, 59% of part-time employees in 2021 will be female, Chennai will become the world’s 35th megacity and pharmaceuticals and medical goods will be the fastest-growing manufacturing sector.
This report comes in PPT.
In 2021, we expect to see economies rebounding from the deepest peacetime economic recession since the Great Depression. Nevertheless, the fragile economic recovery will likely face many risks, which Euromonitor International covers under our Macro Model scenario analysis.
orsening infection rates in the US and Europe have caused an increase in the probability of the COVID-19 Pessimistic1 scenario, which assumes more severe social distancing restrictions and consumer precautionary behaviour lasting into the first half of 2021.At the end of 2020, w
On the upside, positive news from vaccine trials has led to a reduction in the probabilities assigned to scenarios related to delays in vaccine deployment, namely COVID-19 Pessimistic2 and 3 scenarios.
Joe Biden will become the new US president in January 2021. This development will substantially lower the risks of a global trade war scenario between the US and its European and North American allies, as well as significantly reducing the likelihood of a US-China trade war escalation.
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