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Global Economics Monthly Review

December 2020

 

  • The global economy continues to recover, but there are large differences among the regions of the world resulting from the rise in morbidity along with tightening restrictions again in some countries.
     
  • Global GDP is expected to contract 4.1% this year, but in 2021 it is expected to recover to the extent that depends on achieving "living alongside the coronavirus".
     
  • The inflation rate declined in October in the developed countries, except in the euro bloc where it remained unchanged at a negative level.
     
  • The Fed and the ECB hinted about increasing monetary support.
     
  • Long-term government bond yields in the US have been in an upward trend in recent months, whereas the yields of euro bloc long-term government bonds have been in a moderate downward trend.
     

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