We believe the global economy could see strong growth in 2021, though the next few months could be bumpy. COVID-19 vaccine distribution is underway. While there are questions about variants of the virus, we believe the vaccines will be effective in limiting hospitalization and deaths. Key macroeconomic growth drivers appear to be in place: strong aggregate consumer health, elevated household savings rates, low inventory levels, a solid housing outlook, pent-up demand and continued accommodative monetary and fiscal support. We believe these factors could set the stage for a potential boom once social distancing measures ease. Read on for a visual snapshot of our GDP growth expectations around the globe.
This blog post is provided for informational purposes only and should not be construed as investment advice. Any opinions or forecasts contained herein reflect the subjective judgments and assumptions of the authors only and do not necessarily reflect the views of Loomis, Sayles & Company, L.P. This information is subject to change at any time without notice.